Swales J K, 1993, "Factor subsidies, employment generation, and cost per job: a partial equilibrium approach" Environment and Planning A 25(3) 317 – 338
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Factor subsidies, employment generation, and cost per job: a partial equilibrium approach
J K Swales
Received 10 February 1992; in revised form 29 June 1992
Abstract. 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,
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