Kim, Jinill (contributor); Kim, Sunghyun Henry (contributor) - 2003
countries.
Three main contributions of this paper are as follows. First, we adopt an
open-economy framework. The literature on …), Mc-
2
change in an open economy because tax policies can have significant effects
on other countries through various …, respectively.
5
Papers with deterministic open-economy models include Frenkel and Razin (1992),
Easterly and Rebelo (1993), Razin …