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The Possibility of Welfare Gains with Capital Inflows in a Small Tariff-Ridden Economy

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  • Sen, Partha
  • Ghosh, Arghya
  • Barman, Abheek

Abstract

Capital inflows with full repatriation give rise to welfare improvement possibilities in a small tariff-distorted economy when imperfect competition and increasing returns are allowed for in one sector of a two-sector model. This is in contrast to the Brecher-Diaz-Alejandro (1977) proposition that capital inflows with full repatriation are necessarily immiserizing for a small tariff-ridden economy. The authors find that welfare gains changes are greater the higher the expenditure share of the capital-intensive differentiated good, the lower the substitutability between brands, and the lower the share of tariff revenue in national income. Copyright 1997 by The London School of Economics and Political Science

Suggested Citation

  • Sen, Partha & Ghosh, Arghya & Barman, Abheek, 1997. "The Possibility of Welfare Gains with Capital Inflows in a Small Tariff-Ridden Economy," Economica, London School of Economics and Political Science, vol. 64(254), pages 345-352, May.
    • Handle: RePEc:bla:econom:v:64:y:1997:i:254:p:345-52
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    Cited by:

    1. M. Ali Khan, 2007. "The Harris-Todaro Hypothesis," Labor Economics Working Papers 22206, East Asian Bureau of Economic Research.
    2. Pi, Jiancai & Zhou, Yu & Yin, Jun, 2013. "International factor mobility, monopolistic competition, and wage inequality," Economic Modelling, Elsevier, vol. 33(C), pages 326-332.
    3. Rajit Biswas & Kumar Shubham, 2018. "Tariffs, Efficiency Wages and Unemployment," Journal of Industry, Competition and Trade, Springer, vol. 18(4), pages 503-511, December.
    4. Atolia, Manoj & Kurokawa, Yoshinori, 2016. "The impact of trade margins on the skill premium: Evidence from Mexico," Journal of Policy Modeling, Elsevier, vol. 38(5), pages 895-915.
    5. Chakraborty, Brati Sankar, 2001. "Welfare consequence of capital inflow for a small tariff-protected economy," Journal of Development Economics, Elsevier, vol. 66(1), pages 305-316, October.
    6. Brati Sankar Chakraborty, 2008. "Capital Inflow Under Voluntary Export Restraint," Metroeconomica, Wiley Blackwell, vol. 59(4), pages 633-655, November.
    7. Arghya Ghosh & Partha Sen, 2012. "Privatization in a Small Open Economy with Imperfect Competition," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 14(3), pages 441-471, June.
    8. Ramesh Chandra Das & Tonmoy Chatterjee, 2021. "Trade liberalization and R&D activity: examining long-run and short-run linkages for individual and panel of leading countries and groups," Economic Change and Restructuring, Springer, vol. 54(4), pages 1091-1118, November.
    9. Rajit Biswas, 2015. "Tariffs that may fail to protect: A model of trade and public goods," Economics Bulletin, AccessEcon, vol. 35(1), pages 361-370.
    10. Zhang, Jingjing, 2020. "International production fragmentation, trade in intermediate goods and environment," Economic Modelling, Elsevier, vol. 87(C), pages 1-7.

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