Immiserizing Growth and the Metzler Paradox in the Ricardian Model
No E2009/11, Cardiff Economics Working Papers from Cardiff University, Cardiff Business School, Economics Section
Conditions for the occurrence of immiserizing growth and the Metzler paradox are analysed in the Ricardian model when consumers in the foreign country have Leontief preferences while consumers in the home country have Cobb-Douglas preferences. By using specific functional forms, the conditions for the occurrence of the two paradoxes are defined in terms of the exogenous parameters of the model rather than endogenous variables such as the elasticity of demand for exports in the conditions of Bhagwati (1958) and Metzler (1949a and b). It is shown that the simultaneous occurrence of both paradoxical results is possible for some parameter values.
Keywords: Immiserizing Growth; Metzler Paradox; Import Tariffs; Ricardian Model (search for similar items in EconPapers)
JEL-codes: F11 F13 (search for similar items in EconPapers)
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed
Forthcoming in International Economic Journal
Downloads: (external link)
Journal Article: Immiserizing Growth and the Metzler Paradox in the Ricardian Model (2012)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:cdf:wpaper:2009/11
Access Statistics for this paper
More papers in Cardiff Economics Working Papers from Cardiff University, Cardiff Business School, Economics Section Contact information at EDIRC.
Bibliographic data for series maintained by Yongdeng Xu ().