TY - JOUR
T1 - The gains from international factor movements.
AU - Grossman, G. M.
N1 - Funding Information:
*I am grateful to Richard Brecher, Avinash Dixit, and especially Alasdair Smith and Lars Svensson for their helpful comments, and to the National Science Foundation for financial support under Grant No. SES 8207643. My thanks are also extended to the Foerder Institute for Economic Research for their linancial assistance in the typing of this paper, and to the Institute for International Economic Studies at the University of Stockholm, where I was a visitor when it was revised. ‘For a recent treatment, see Dixit and Norman (1980, pp. 71-80). They show that free trade (weakly) Pareto dominates autarky in a one-consumer economy with perfect competition and variable factor supplies, as well as in a many-consumer economy where lump-sum transfers or commodity taxes are available for redistribution. ‘Most of the existing literature on the welfare effects of factor trade considers only ‘small movements of one or more [actors, generally from an initial position of no trade in factors. See,
PY - 1983
Y1 - 1983
N2 - Studies the welfare gains from free and restricted international movement of factors in the presence of free and restricted trade in goods. Finds that the maintenance of optimal tariffs and export subsidies on goods in the cum-factor-movements equilibrium is not sufficient to ensure gains from free factor trade. -from Author
AB - Studies the welfare gains from free and restricted international movement of factors in the presence of free and restricted trade in goods. Finds that the maintenance of optimal tariffs and export subsidies on goods in the cum-factor-movements equilibrium is not sufficient to ensure gains from free factor trade. -from Author
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M3 - Article
AN - SCOPUS:0021082253
VL - 256
JO - University of Stockholm, Institute for International Economic Studies, Seminar Paper
JF - University of Stockholm, Institute for International Economic Studies, Seminar Paper
ER -