Collie, David Robert ORCID: https://orcid.org/0000-0002-3132-648X 2012. Immiserizing growth and the Metzler Paradox in the Ricardian Model. International Economic Journal 26 (1) , pp. 141-154. 10.1080/10168737.2010.538429 |
Official URL: http://dx.doi.org/10.1080/10168737.2010.538429
Abstract
Conditions for the occurrence of immiserizing growth and the Metzler paradox are analysed in the Ricardian model when consumers in the foreign country have Leontief preferences while consumers in the home country have Cobb-Douglas preferences. By using specific functional forms, the conditions for the occurrence of the two paradoxes are defined in terms of the exogenous parameters of the model rather than endogenous variables such as the foreign import demand elasticity in the conditions of Bhagwati (1958) and Metzler (1949a, b). It is shown that the simultaneous occurrence of both paradoxical results is possible for some parameter values.
Item Type: | Article |
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Date Type: | Publication |
Status: | Published |
Schools: | Business (Including Economics) |
Subjects: | H Social Sciences > HB Economic Theory H Social Sciences > HG Finance |
Uncontrolled Keywords: | Immiserizing growth ; Metzler paradox ; Import tariffs ; Ricardian Model. |
Publisher: | Taylor and Francis |
ISSN: | 1016-8737 |
Last Modified: | 19 Oct 2022 08:45 |
URI: | https://orca.cardiff.ac.uk/id/eprint/18908 |
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