Janeba, Eckhard (contributor) - 2007
coun-
tries. Going hand in hand with mass unemployment goes a generous welfare state, a large
share of the government … λ adjusts), the derivative (5) stays unchanged, but
the indirect effect becomes small.
By contrast, when the success … entry feeds back into the domestic economy.
7
The term nullq/(1 −q) does not explode because the elasticity goes to zero as …