The Generalized Theory of Transfers and Welfare: Bilateral Transfers in a Multilateral World
Bhagwati
Jagdish N.
author
Columbia University. Economics
Columbia University. Political Science
Brecher
Richard A.
author
Hatta
Tatsuo
author
Columbia University. Economics
originator
text
Articles
1983
English
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.
Economics
American Economic Review
73
4
606
618
1983-09
http://hdl.handle.net/10022/AC:P:14618
NNC
NNC
2012-09-06 15:09:45 -0400
2012-09-06 15:18:53 -0400
8641
eng