International Income Transfers under Technological Uncertainty

This paper examines the effects of international income transfers in the presence of technological uncertainty and shows the following results. First, a transfer paradox can occur only if the rates of return from assets are not equalized between the donor and the recipient. Second, the more risk-averse consumers are in both countries, the more likely a transfer paradox is to occur.

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Year of publication:	2001-01
Authors:	Takeda, Shiro
Institutions:	Graduate School of Economics, Hitotsubashi University
Subject:	Transfer \| Uncertainty \| Attitude toward risk

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Extent:	application/pdf
Series:	Discussion Papers.
Type of publication:	Book / Working Paper
Notes:	Number 2001-01 20 pages long
Classification:	F10 - Trade. General ; D80 - Information and Uncertainty. General
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10004992475