PUBLIC-INVESTMENT AND REAL-PRICE SUPPORTS
成果类型：
Article
署名作者：
CHAMBERS, RG; LOPEZ, R
刊物名称：
JOURNAL OF PUBLIC ECONOMICS
ISSN/ISSBN：
0047-2727
DOI：
10.1016/0047-2727(93)90105-3
发表日期：
1993
页码：
73-82
关键词：
摘要：
The social rate of return to public investment in industries with fixed real-price supports is studied using a simple general-equilibrium model. Fixed real-price supports are shown to enhance the likelihood of immiserizing growth due to capital accumulation or technological innovation in the supported sector. General conditions under which an intervention price will induce a negative social rate of return to public investment are derived.
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