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文章基本信息

  • 标题:Domestic labor, foreign capital and national welfare
  • 本地全文:下载
  • 作者:Broll, Udo ; Hansen, Sabine ; Marjit, Sugata
  • 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
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