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Regional Convergence and Catch-up in India between 1960 and 1992

Trivedi, Kamakshya - Department of Economics, Oxford University - 2002

This paper examines the evidence for regional convergence or catch-up in levels and growth rates of per capita income …, Re-Weighted Least Squares, and Least Trimmed Squares - establish that unconditional convergence in growth rates does not … obtain, but that there is clear and robust evidence of conditional convergence. This suggests that important differences …

Persistent link: https://www.econbiz.de/10010605213

Why has China Grown So Fast? The Role of Physical and Human Capital Formation

Ding, Sai; Knight, John - Department of Economics, Oxford University - 2008

selection results identify a role for conditional convergence, physical and human capital formation, population growth, degree …

Persistent link: https://www.econbiz.de/10005047864

Rational Habits and Uncertain Prices: Simulating Gasoline Consumption Behavior

Scott, K. Rebecca - Department of Economics, Oxford University - 2012

When consumers are forward-looking with respect to their demand for a habit-forming good, traditional measures of price elasticity are misleading. In particular, such measures will underestimate sensitivity to long-run shifts - and therefore underestimate the potential effect of policy...

Persistent link: https://www.econbiz.de/10011004294

A new version of Edgeworth's taxation paradox

Ritz, Robert A. - Department of Economics, Oxford University - 2010

Edgworth's taxation paradox states that an excise tax can decrease the market price of a good. This paper presents a new version of the paradox in which a tax reduces price because it attracts entry of additional firms into the market. The paper also presents two new applications: (i) an...

Persistent link: https://www.econbiz.de/10008492090

The Trade Consequences of Pricey Oil

Vezina, Pierre-Louis; Below, David von - Department of Economics, Oxford University - 2013

This paper examines the trade and trade-induced welfare effects of high oil prices. Using a gravity model of trade we find that the distance elasticity of trade signif- icantly increases with the oil price. This suggests that high oil prices make trade less global. We estimate that an increase...

Persistent link: https://www.econbiz.de/10010820340

Time Inconsistent Environmental Policy and Optimal Delegation

Helm, Dieter; Hepburn, Cameron; Mash, Richard - Department of Economics, Oxford University - 2003

Time consistency problems can arise when environmental taxes are employed to encourage firms to take irreversible abatement decisions. Setting a high carbon tax, for instance, would induce firms to invest in low-carbon technology, yet once investment has occurred the government can then reduce...

Persistent link: https://www.econbiz.de/10004977883

Climate Policy and Catastrophic Change: Be Prepared and Avert Risk

Ploeg, Rick Van der; Zeeuw, Aart de - Department of Economics, Oxford University - 2013

The optimal reaction to a pending climate catastrophe is to accumulate capital to be better prepared for the disaster and levy a carbon tax to reduce the risk of the hazard by curbing global warming. The optimal carbon tax consists of the present value of marginal damages, the non-marginal...

Persistent link: https://www.econbiz.de/10010720427

Non-Cooperative and Cooperative Responses to Climate Catastrophes in the Global Economy: A North-South Perspective

Ploeg, Rick Van der; Zeeuw, Aart de - Department of Economics, Oxford University - 2015

The global response to a catastrophic shock to productivity which becomes more imminent with global warming is to have carbon taxes to curb the risk of a calamity and to accumulate precautionary capital to facilitate smoothing of consumption. Our multi-region model of growth and climate change...

Persistent link: https://www.econbiz.de/10011183198

The growing dependence of Britain on trade during the Industrial Revolution

O'Rourke, Kevin Hjortshøj; Clark, Gregory; Taylor, Alan M. - Department of Economics, Oxford University - 2014

Many previous studies of the role of trade during the British Industrial Revolution have found little or no role for trade in explaining British living standards or growth rates. We construct a three-region model of the world in which Britain trades with North America and the rest of the...

Persistent link: https://www.econbiz.de/10011194334

Capital Accumulation and Growth: A New Look at the Empirical Evidence

Bond, Stephen; Leblebicioglu, Asli - Department of Economics, Oxford University - 2004

We present evidence that an increase in investment as a share of GDP predicts a higher growth rate of output per worker, not only temporarily, but also in the steady state. These results are found using pooled annual data for a large panel of countries, using pooled data for non-overlapping...

Persistent link: https://www.econbiz.de/10010604939

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