Immiserizing Foreign Aid : the Role of Tariffs and Nontraded Goods /
International trade theory has pointed out that factor accumulation could immiserize a country if it is sufficiently biased toward the export sector, or if it is biased toward an importcompeting sector in the presence of tariff protection. This paper analyzes the impact of aid, in the form of an inc...
Clasificación: | Libro Electrónico |
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Autor principal: | |
Autor Corporativo: | |
Formato: | Electrónico eBook |
Idioma: | Inglés |
Publicado: |
Washington, D.C. :
International Monetary Fund,
2006.
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Colección: | IMF Working Papers ;
Working Paper no. 06/129. |
Temas: | |
Acceso en línea: | Texto completo |
Sumario: | International trade theory has pointed out that factor accumulation could immiserize a country if it is sufficiently biased toward the export sector, or if it is biased toward an importcompeting sector in the presence of tariff protection. This paper analyzes the impact of aid, in the form of an increase in the capital stock used only in the nontraded sector, on real income. Yano and Nugent (1999) discussed this issue, but their analysis turned out to be incorrect. This paper demonstrates that whether aid in the form of an increase in capital specific to the nontraded sector reduces welfare depends on how aid affects the price of the nontraded good and on whether imports and the nontraded good are substitutes or complements in demand. |
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Notas: | Available in PDF, ePUB, and Mobi formats on the Internet. |
Descripción Física: | 1 online resource (17 pages) |
Bibliografía: | Includes bibliographical references. |
ISBN: | 1451992300 9781451992304 128351222X 9781283512220 1462337694 9781462337699 1452759227 9781452759227 9786613824677 6613824674 9781451863895 1451863896 |
ISSN: | 2227-8885 ; |