This paper explores the conditions under which a moral disposition is rewarded, in the sense of moral people being more prosperous than amoral people. The analytical framework is a general equilibrium model in which production is more lucrative for moral people than for amoral people, but in...

This paper analyzes a general-equilibrium model in which each person can choose to be either a producer or a predator. This model shows how predation breaks the link between the interpersonal distribution of productive resources and the interpersonal distribution of consumption. Specifically, we...

Korean Abstract: 외국인직접투자 유입의 확대는 경제 전반의 효율성을 개선시킬 것이라는 기대에 근거하여 우리나라를 포함한 다수의 소국개방경제에서는 해외직접투자 유치를 위한 경쟁적인 정책 노력을 전개하고 있다. 본...

This paper examines the optimal policy for trade negotiation in the current multilateral and preferential trade regime. Using a four country oligopoly model with asymmetric technology, we examine the implication of preferential trade agreement on tariff and welfare. We find any preferential...

This paper examines how environmental regulation affects the FDI strategies of parent firms in developing countries (the South) and developed countries (the North) when there are differences in the emission abatement technology between these countries. More lenient environmental regulations of...

This paper examines the impact of political economic sensitivities of the trade regime among politically asymmetric countries. Our concerns focus on the effects of firm’s lobbying activity in each country, not only tariff setting, but also on the trade regime's decision, especially considering...

This paper examines the effectiveness of two carbon pricing measures, i.e., carbon tax and emission trading scheme (ETS), in reducing carbon emissions based on 133 countries’ annual panel data from 1990 to 2014. We demonstrate that carbon pricing system effectively reduced carbon emissions in...

Facing the concerns that outward foreign direct investments might hollow out domestic corporate activities, we examine whether cross-border acquisitions by emerging market enterprises (EMEs) improve or damage domestic corporate performances based on the data of 348 listed Indian firms’...

This paper examines how environmental regulation affects the FDI strategies of parent firms in developing countries (the South) and developed countries (the North) when there are differences in the abatement technology and R&D efficiency between these countries. If there are more lenient...