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Factor Supplies, Welfare and Output When Non-traded Intermediate Production Has Increasing Returns

Anwar, Sajid (1999). Factor Supplies, Welfare and Output When Non-traded Intermediate Production Has Increasing Returns. Australian Economic Papers,38(2):176-188.

Document type: Journal Article
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Title Factor Supplies, Welfare and Output When Non-traded Intermediate Production Has Increasing Returns
Author Anwar, Sajid
Journal Name Australian Economic Papers
Publication Date 1999
Volume Number 38
Issue Number 2
ISSN 0004 900X   (check CDU catalogue open catalogue search in new window)
Start Page 176
End Page 188
Total Pages 9
Place of Publication London
Publisher Blackwell Publishing
HERDC Category C1 - Journal Article (DEST)
Abstract This paper considers the impact of an exogenous change in the supply of primary factors on output levels, relative prices and welfare in the presence of output generated increasing returns to scale. Unlike the existing studies, this paper utilises a model of a small open economy where increasing returns do not occur in the production of a traded final good but in the production of a non-traded intermediate good. Within the context of the present study, it is shown that the Rybczynski theorem is unlikely to hold and an increase in the supply of either primary factor can harm welfare.
DOI http://dx.doi.org/10.1111/1467-8454.00050   (check subscription with CDU E-Gateway service for CDU Staff and Students  check subscription with CDU E-Gateway in new window)
 
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Created: Fri, 12 Sep 2008, 08:35:25 CST by Administrator