Score contribution per author:
α: calibrated so average coauthorship-adjusted count equals average raw count
We argue, in a model with trade and unemployment, that exogenous inflow of foreign capital may deliver the desired result when it flows to a protected intermediate-goods sector. Whether foreign investment should be directed towards an intermediate-goods sector or to a final-goods sector depends on the technological specifications of either type of goods as well as on the existing set of trade policies. Copyright 1997 by Blackwell Publishing Ltd.