Effects of exchange rate and tariffs on an open economy of scarcity of capital (Q1595265)
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scientific article; zbMATH DE number 1563611
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| English | Effects of exchange rate and tariffs on an open economy of scarcity of capital |
scientific article; zbMATH DE number 1563611 |
Statements
Effects of exchange rate and tariffs on an open economy of scarcity of capital (English)
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18 February 2002
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The paper is devoted to the study of certain questions on tariff and exchange rate of consumption and investment in an open economy. A (deterministic) model included the influence of the above factors is proposed. Steady state optimality conditions are analyzed. Dynamics of capital and market price are described. The effects of tariffs and exchange rate on the social welfare are investigated.
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open economy
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market price
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exchange rate
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tariff income distribution
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optimization
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