Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/65747
Year of Publication: 
2009
Series/Report no.: 
Cardiff Economics Working Papers No. E2009/11
Publisher: 
Cardiff University, Cardiff Business School, Cardiff
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 elasticity of demand for exports in the conditions of Bhagwati (1958) and Metzler (1949a and b). It is shown that the simultaneous occurrence of both paradoxical results is possible for some parameter values.
Subjects: 
Immiserizing Growth
Metzler Paradox
Import Tariffs
Ricardian Model
JEL: 
F11
F13
Document Type: 
Working Paper

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