A note on the employment effects of investment subsidies

A note on the employment effects of investment subsidies

Investment subsidies are frequently used to stimulate employment in economies in which real wages are sticky. While this policy operates as expected when the economy is cost-constrained, it is shown that employment losses result from its implementation in a situation where the economy is experiencin...

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Veröffentlicht in:The Economic and social review 1987-07, Vol.18 (Jul 87), p.307-314
1. Verfasser: Barry, F G
Format: Artikel
Sprache:eng
Schlagworte:
Employment
Factors
Investment
Subsidies
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Zusammenfassung:Investment subsidies are frequently used to stimulate employment in economies in which real wages are sticky. While this policy operates as expected when the economy is cost-constrained, it is shown that employment losses result from its implementation in a situation where the economy is experiencing a prolonged Keynesian recession. (Abstract amended)
ISSN:0012-9984