Liberalization of Capital Movements and Trade : Real Appreciation, Employment and Welfare

Haaparanta, Pertti and Kähkönen, Juha (1986). Liberalization of Capital Movements and Trade : Real Appreciation, Employment and Welfare. UNU-WIDER.

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  • Sub-type Working paper
    Author Haaparanta, Pertti
    Kähkönen, Juha
    Title Liberalization of Capital Movements and Trade : Real Appreciation, Employment and Welfare
    Volume/Issue No. 5/1/1986
    Publication Date 1986
    Place of Publication Helsinki
    Publisher UNU-WIDER
    Pages 28
    Language eng
    Abstract

    A two-period, two-sector optimizing model is used to study the effects of liberalization of trade and capital movements on the real exchange rate, unemployment, and welfare. The mechanism creating unemployment is assumed to be real wage rigidity caused by

    Keyword Capital market
    Commerce
    Free trade
    Copyright Holder UNU-WIDER
    Copyright Year 1986
    Copyright type Fair use permitted
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    Created: Fri, 12 Feb 2016, 12:32:19 JST