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• W2129927731 abstract "We examine the relationship between welfare state policies and economic performance in a small open economy with (i) free trade in final goods and international capital mobility, and (ii) aggregate increasing returns to scale. Contrary to the conventional wisdom, we find that a retrenchment of welfare programmes is not an inevitable consequence of economic integration. Instead, by improving the exploitation of aggregate scale economies, social expenditure policies and international openness complement each other in facilitating an improvement in economic performance that can sustain a more generous welfare protection." @default.
• W2129927731 created "2016-06-24" @default.
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• W2129927731 date "2007-12-01" @default.
• W2129927731 modified "2023-10-16" @default.
• W2129927731 title "Expansionary effects of the welfare state in a small open economy" @default.
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• W2129927731 doi "https://doi.org/10.1016/j.najef.2007.08.001" @default.
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