Social Common Capital, Congestion Tax and Non-tradable Goods in a Small Open Economy
Abstract
We construct a static general equilibrium model with social common capitalor highway-type congested public capital. Non-tradable goods arealso introduced into this small open economy. We obtain the effects of animprovement in the terms of trade, as well as an operation in congestiontax, on the degree of congestion and social welfare. We also find that thenon-tradable goods become crucial to the results of comparative staticswhen they are used as the numeraire.
Journal
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- The Rissho International Journal of Academic Research in Culture and Society
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The Rissho International Journal of Academic Research in Culture and Society (1), 81-97, 2018-03-25
Rissho University
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Details 詳細情報について
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- CRID
- 1572261552700348672
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- NII Article ID
- 120006629536
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- Web Site
- http://hdl.handle.net/11266/6627
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- Text Lang
- en
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- Data Source
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- CiNii Articles