Abstract
In this paper, the impact of tariffs and exchange rate on consumption and investment in an open economy of scarcity of capital is analysed. The dynamics and market price of capital, and the solution of foreign asset holding of the firm are discussed. Particular attention is also devoted to the social welfare aspects.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
More From: Applied Mathematics-A Journal of Chinese Universities
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.