Expansionary effects of the welfare state in a small open economy

We examine the relationship between welfare state policies and economic performance in a small open economy with (i) free trade in final goods and international capital mobility, and (ii) aggregate increasing returns to scale. Contrary to the conventional wisdom, we find that a retrenchment of welfa...

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Bibliographic details
Volume:	18
Main Author:	Molana, Hassan Montagna, Catia
Format:	Journal Article
Language:	English
Place of publication:	Greenwich Elsevier Inc 2007 Elsevier Elsevier Science Ltd
published in:	The North American journal of economics and finance Vol. 18; no. 3; pp. 231 - 246
Data of publication:	2007
ISSN:	1062-9408 1879-0860
EISSN:	1879-0860
Discipline:	Economics Business
Series:	The North American Journal of Economics and Finance
Subjects:	International trade Capital mobility Welfare state Circular causation Studies Economic impact Correlation analysis Free trade Welfare economics E6 International trade Welfare state Circular causation F1 H3 J5 Capital mobility F4
Online Access:	available in Bonn?
Database:	RePEc RePEc IDEAS CrossRef Database information Databases - DBIS