JER, 第 2-3 卷Hanyang Economic Research Institute in collaboration with Hanyang University College of Business and Economics, 1997 |
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... equity and efficiency . This is because , while in pursuit of a Pareto - improving transition , we may have to forego too high a level of the net gain in social welfare - which the society would otherwise have enjoyed . The utilitarian ...
... equity and efficiency . This is because , while in pursuit of a Pareto - improving transition , we may have to forego too high a level of the net gain in social welfare - which the society would otherwise have enjoyed . The utilitarian ...
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adjustment costs aggregate Asian assumed b₁ banks blue crab budget constraint capital coefficient cointegration consumption convex crisis customer market denotes dynamic elasticity equation estimated exchange rate exogenous expenditure tax F-Statistics factor price Figure foreign exchange market growth Hanyang University health-related investment HKAB Hong Kong Hong Kong dollar implies incentives increase individual Industrial Policy Industry Promotion Law inflation interest rate intrinsic bubbles IPI transition Journal of Economic labor marginal cost maximize mentor mentor/protege relationship menu cost migration mold industry monetary base money demand money supply natural production function optimal tax outliers output paper Pareto-improving transition partners period price adjustment price level production function proteges quadratic quit threat regression response returns to scale sector shocks significant SME policy SN(t Statistics Table tax rates tax steady tax system theorem tion utility function variable velocity welfare y₁ YDEV zero