EconPapers    
Economics at your fingertips  
 

The Average and Marginal Domestic Resource Cost of Foreign Exchange

George Fane

Oxford Economic Papers, 1995, vol. 47, issue 4, 663-75

Abstract: The average and marginal shadow domestic resource costs of earning or saving foreign exchange by expanding the gross outputs of particular industries are distinguished: the shadow costs of specific factors are included in the former concept but excluded from the latter, which is shown to be the appropriate guide to piecemeal reform of taxes on gross output. Applied DRC studies have generally attempted to estimate average DRCs, despite the fact that, correctly measured and in the absence of quantity restrictions and imperfect competition, the average DRC of a private firm must be unity. Copyright 1995 by Royal Economic Society.

Date: 1995
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://links.jstor.org/sici?sici=0030-7653%2819951 ... 0.CO%3B2-E&origin=bc full text (application/pdf)
Access to full text is restricted to JSTOR subscribers. See http://www.jstor.org for details.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:oup:oxecpp:v:47:y:1995:i:4:p:663-75

Ordering information: This journal article can be ordered from
https://academic.oup.com/journals

Access Statistics for this article

Oxford Economic Papers is currently edited by James Forder and Francis J. Teal

More articles in Oxford Economic Papers from Oxford University Press Oxford University Press, Great Clarendon Street, Oxford OX2 6DP, UK.
Bibliographic data for series maintained by Oxford University Press ().

 
Page updated 2025-03-19
Handle: RePEc:oup:oxecpp:v:47:y:1995:i:4:p:663-75