Articles:
The Generalized Theory of Transfers and Welfare: Bilateral Transfers in a Multilateral World
Jagdish N. Bhagwati; Richard A. Brecher; Tatsuo Hatta
Downloads:
- Title:
- The Generalized Theory of Transfers and Welfare: Bilateral Transfers in a Multilateral World
- Author(s):
-
Bhagwati, Jagdish N.
Brecher, Richard A.
Hatta, Tatsuo - Date:
- 1983
- Type:
- Articles
- Department:
- Economics
- Volume:
- 73
- Permanent URL:
- http://hdl.handle.net/10022/AC:P:14618
- Book/Journal Title:
- American Economic Review
- Abstract:
- We demonstrate that the phenomenon of immiserizing transfers from abroad (and the analytically symmetric phenomenon of enriching transfer payments) in the presence of market stability can arise only if there is a distortion characterizing the economy in question.
- Subject(s):
- Economics
- Item views:
- 28