Factor Subsidies, Employment Generation, and Cost per Job: A Partial Equilibrium Approach
Factor Subsidies, Employment Generation, and Cost per Job: A Partial Equilibrium Approach
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要素补贴、创造就业机会和每份工作的成本:部分均衡方法
DOI:
10.1068/a250317
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发表时间:
1993
期刊:
影响因子:
--
通讯作者:
John Swales
中科院分区:
文献类型:
--
作者:
D. Holden;John Swales
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.