DUTY FREE ZONE AND UNEMPLOYMENT IN A FAIR WAGE MODEL
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概要
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A three sector model of a small open economy has been developed with fair wage effort hypothesis. If fiscal concessions are given to the foreign enclave, then unemployment is increased in the absence of technology transfer. If the expansion of the foreign enclave (duty free zone) leads to technology transfer in the capital intensive domestic sector, unemployment is increased at a higher rate. However, unemployment may be reduced when the technology transfer takes place in the labour intensive domestic sector.
- 慶應義塾大学の論文
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- DUTY FREE ZONE AND UNEMPLOYMENT IN A FAIR WAGE MODEL