Please use this identifier to cite or link to this item:
https://hdl.handle.net/2440/35306
Type: | Journal article |
Title: | Government spending on public goods, specialization-bases external economies and pattern of trade |
Author: | Anwar, Sajid |
Citation: | Singapore Economic Review, 2006; 51(1):19-30 |
Publisher: | World Scientific Publishing Company |
Issue Date: | 2006 |
ISSN: | 0217-5908 |
School/Discipline: | Business School |
Statement of Responsibility: | Sajid Anwar |
Abstract: | This paper examines the link between government spending on a public good and pattern of trade in the presence of specialization-based external economies. The results presented in this paper are based on a simple model of an economy that produces one industrial, one agricultural, one public good and a large number of varieties of professional services. It is shown that, when the agricultural and the public goods are non-traded, the country where government spending is relatively large is a net-exporter of varieties of professional services; if varieties of professional services are equally (or more) capital intensive as compared to the industrial good. When the public good and varieties of professional services are non-traded, the country where government spending is relatively large may export the industrial good in exchange for the agricultural good; if the combined capital intensity of professional services and the industrial good is greater than the capital intensity of the agricultural good and the size of specialization-based external economies is sufficiently small |
Keywords: | government spending on public goods ;pattern of trade ; specialization-based external |
Rights: | © 2006 World Scientific Publishing Company |
Published version: | http://proxy.library.adelaide.edu.au/login?url=http://search.ebscohost.com/login.aspx?direct=true&db=bth&AN=20859360&site=ehost-live&scope=site |
Appears in Collections: | Business School publications |
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