A policy response to a downside of the integration of economies: An impossibility theorem

Oded Stark

No 171766, Discussion Papers from University of Bonn, Center for Development Research (ZEF)

Abstract: Recent research shows that the merger of economies increases aggregate stress. This paper shows that there is no income distribution policy which will ensure that the wellbeing of the individuals belonging to merging economies does not fall below their pre-merger level.

Keywords: International; Relations/Trade (search for similar items in EconPapers)
Pages: 12
Date: 2014-05
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Citations: View citations in EconPapers (1)

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Related works:
Journal Article: A policy response to a downside of the integration of economies: An impossibility theorem (2014)
Working Paper: A policy response to a downside of the integration of economies: An impossibility theorem (2014)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:ubzefd:171766

DOI: 10.22004/ag.econ.171766

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