期刊名称:Dresden Discussion Paper Series in Economics / Dresden University of Technology, Faculty of Business Management and Economics
印刷版ISSN:0945-4829
出版年度:2009
卷号:1
出版社:Dresden
摘要:The competitive allocation of labor across different sectors of an economy may not be socially optimal when one sector
uses foreign capital. We argue that a suitably designed government intervention is required to restrict the sectors to
their optimal size and maximize national welfare. Such a policy internalizes the possibility of repatriation and
reinvestment. We demonstrate the optimality of a minimum wage regulation.
关键词:Foreign capital, factor mobility, national welfare, targeting