FINANCIAL DEREGULATION UNDER SECTOR-SPECIFIC UNEMPLOYMENT - A GENERALEQUILIBRIUM-ANALYSIS

Authors
CHAO CC WANG LFS YU ESH
Citation
Cc. Chao et al., FINANCIAL DEREGULATION UNDER SECTOR-SPECIFIC UNEMPLOYMENT - A GENERALEQUILIBRIUM-ANALYSIS, Public finance, 48(1), 1993, pp. 19-32
Citations number
14
Categorie Soggetti
Economics,"Public Administration","Business Finance
Journal title
Public finance → ACNP
ISSN journal
00333476
Volume
48
Issue
1
Year of publication
1993
Pages
19 - 32
Database
ISI
SICI code
0033-3476(1993)48:1<19:FDUSU->2.0.ZU;2-R
Abstract
This paper examines the impacts of financial deregulation in a general -equilibrium competitive framework permitting sector-specific unemploy ment. Under the stable economy, financial deregulation results in fall s in the wage rate and the goods price of the regulated sector, as wel l as rises in the rental rate, the unemployment ratio, and the relativ e output of that sector. Financial deregulation may, paradoxically, re duce real national income under a certain set of conditions.