Abstract
| Language | English |
|---|---|
| Pages | 317-338 |
| Number of pages | 22 |
| Journal | Environment and Planning A |
| Volume | 25 |
| Issue number | 3 |
| DOIs | |
| Publication status | Published - Mar 1993 |
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Keywords
- factor subsidies
- capital subsidies
- labour
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Factor subsidies, employment generation and cost per job : a partial equilibrium approach. / Holden, D; Swales, J K.
In: Environment and Planning A, Vol. 25, No. 3, 03.1993, p. 317-338.Research output: Contribution to journal › Article
TY - JOUR
T1 - Factor subsidies, employment generation and cost per job
T2 - Environment and Planning A
AU - Holden, D
AU - Swales, J K
PY - 1993/3
Y1 - 1993/3
N2 - Factor subsidies in a perfectly competitive setting are analysed. A very general model is used to derive expressions for the effect of a factor subsidy on the price and quantity of output and the two factor inputs. These expressions are differentiated to generate qualitative results for the impact of changes in the product-demand, production-function, and factor-supply parameters on the subsidy effects. A similar procedure is used to investigate the exchequer cost per job of general labour and capital subsidies in an industry with Cobb — Douglas technology. The analysis is relieved with illustrative simulations in which ‘representative’ parameter values are used.
AB - Factor subsidies in a perfectly competitive setting are analysed. A very general model is used to derive expressions for the effect of a factor subsidy on the price and quantity of output and the two factor inputs. These expressions are differentiated to generate qualitative results for the impact of changes in the product-demand, production-function, and factor-supply parameters on the subsidy effects. A similar procedure is used to investigate the exchequer cost per job of general labour and capital subsidies in an industry with Cobb — Douglas technology. The analysis is relieved with illustrative simulations in which ‘representative’ parameter values are used.
KW - factor subsidies
KW - capital subsidies
KW - labour
U2 - 10.1068/a250317
DO - 10.1068/a250317
M3 - Article
VL - 25
SP - 317
EP - 338
JO - Environment and Planning A
JF - Environment and Planning A
SN - 0308-518X
IS - 3
ER -