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Colonialism and foreign ownership of capital: a trade theorist's view
In: Routledge revivals
Tourism, trade and national welfare
In: Contributions to economic analysis 265
Free trade zones, tariffs and the real exchange rate
In: Working paper series Graduate School of Management
An analysis of the impact of outmigration on unemployment, income and structural change
In: Journal of international trade & economic development: an international and comparative review, Band 3, Heft 2, S. 165-175
ISSN: 1469-9559
Foreign aid, conspicuous consumption and domestic savings: Some theoretical observations
In: The journal of development studies, Band 12, Heft 2, S. 197-207
ISSN: 1743-9140
Tourism, trade and welfare: theoretical and empirical issues
In: Tourism and hospitality development and management
In: Trade issues, policies and laws
An analysis of capital underutilization in less developed countries: a trade theoretic approach
In: Discussion paper no. 3/84
KALDORIAN DEMAND FUNCTIONS AND THE RETURN TO CAPITAL: AN ANALYSIS IN A TRADE THEORETIC FRAMEWORK
In: Pacific economic review, Band 14, Heft 1, S. 113-118
ISSN: 1468-0106
Abstract. This paper shows that under certain plausible conditions capital accumulation raises the return to capital. A three good trade theoretic model with Kaldorian demand functions is used to establish this result. This proposition is also independent of the assumption of diminishing return to capital a key feature of endogenous growth theory. Our result sheds light on the high rates of investment and growth that many East Asian economies have achieved.
Regional inequality and immiserization
In: Journal of economic policy reform, Band 11, Heft 3, S. 201-213
ISSN: 1748-7889
ILLEGAL MIGRANTS, TOURISM AND WELFARE: A TRADE THEORETIC APPROACH
In: Pacific economic review, Band 8, Heft 3, S. 259-268
ISSN: 1468-0106
Abstract. Many countries receive illegal migrants but are reluctant to accept them due to possible negative externalities. We provide a rationale for not policing illegal migration by linking it to the tourism industry. By paying illegal migrants less than local workers, the relative price of the non‐traded goods is shown to be lower than it would be in the absence of such workers. An expansion in tourist trade, under certain intensity conditions, necessarily raises resident welfare and employment. This tourist boom necessarily lowers the welfare of the illegal migrants. It is established that an increase in tourism increases the supply of illegal migrants.