Optimal factor and production subsidies under classical unemployment

Frank Barry

No 199102, Working Papers from School of Economics, University College Dublin

Abstract: This paper appraises and compares the macroeconomic effects of three supply-side policies - namely employment, investment and production subsidies - within the context of a multisectoral two-period model of a small open economy with classical unemployment. Optimal subsidy levels are studied, a hierarchy of policies is derived, and policy rankings are shown to survive the introduction of common alternative specifications of the social welfare function.

Keywords: Unemployment; Economic policy; Subsidies; States, Small--Economic conditions--Econometric models (search for similar items in EconPapers)
Date: 1991-01
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http://hdl.handle.net/10197/1479 First version, 1991 (application/pdf)

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Persistent link: https://EconPapers.repec.org/RePEc:ucn:wpaper:199102

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