CONTENT PROTECTION, RESOURCE-ALLOCATION, AND VARIABLE LABOR SUPPLY
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AbstractA three-sector general equilibrium model is used to study the implications of an increase in content protection under the assumption of variable labour supply (VLS). The role Of VLS is highlighted in the paper. An increase in domestic content requirements increases the equilibrium labour supply, which magnifies the policy effects on the output levels (of agricultural, manufacturing, and intermediate goods) and the imports of foreign intermediates. Furthermore, the policy change may increase the national income of the economy while the national welfare is decreased.
All Author(s) ListFUNG MKY
Journal nameCanadian Journal of Economics / Revue Canadienne d'Économique
Year1994
Month2
Day1
Volume Number27
Issue Number1
PublisherWILEY-BLACKWELL
Pages175 - 182
ISSN0008-4085
eISSN1540-5982
LanguagesEnglish-United Kingdom
Web of Science Subject CategoriesBusiness & Economics; Economics; ECONOMICS

Last updated on 2020-06-07 at 01:18