National welfare versus βeconomic indepe
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Hossein Razavi
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Article
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1983
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John Wiley and Sons
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English
β 706 KB
A linear-quadratic welfare maximization model is formulated to study the trade-offs between the political desirability and the economic cost of reducing foreign trade. The model is then applied to the case of Iran and a dynamic programming algorithm is employed to calculate the numerical values of t