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Technische Universität Dresden >
Fakultät Wirtschaftswissenschaften, Technische Universität Dresden >
Dresden Discussion Paper Series in Economics, Faculty of Business and Economics, TU Dresden >
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http://hdl.handle.net/10419/22716
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| Title: | | Domestic labor, foreign capital and national welfare  |
| Authors: | | Broll, Udo Hansen, Sabine Marjit, Sugata |
| Issue Date: | | 2004 |
| Series/Report no.: | | Dresden discussion paper in economics 12/04 |
| Abstract: | | The competitive allocation of labor across different sectors of an economy may not be socially optimal when one sector uses foreign capital. We argue that a suitably designed government intervention is required to restrict the sectors to their optimal size and maximize national welfare. Such a policy internalizes the possibility of repatriation and reinvestment. We demonstrate the optimality of a minimum wage regulation. |
| Subjects: | | Foreign capital factor mobility national welfare targeting |
| JEL: | | F16 F21 |
| Document Type: | | Working Paper |
| Appears in Collections: | | Dresden Discussion Paper Series in Economics, Faculty of Business and Economics, TU Dresden
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