Electronic Resource
Springer
Open economies review
2 (1991), S. 211-217
ISSN:
1573-708X
Keywords:
quotas
;
voluntary export restraint
;
welfare
Source:
Springer Online Journal Archives 1860-2000
Topics:
Economics
Notes:
Abstract This paper explores the effects of import quotas and voluntary export restraints (VER) on employment and welfare of an economy plagued by generalized unemployment due to wage rigidity. The welfare effects of quotas and VER in the presence of unemployment are compared with those derived in the traditional full employment model. We show that a tightening of quotas or VER may improve welfare.
Type of Medium:
Electronic Resource
URL:
http://dx.doi.org/10.1007/BF01886901
Permalink
|
Location |
Call Number |
Expected |
Availability |