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Lessons from conditionality provisions for southnorth cooperation on climate change

Sippel, M.; Neuhoff, K. - Faculty of Economics, University of Cambridge - 2008

This article examines what may be taken into account, when designing a mechanism of international public finance to support south-north cooperation on domestic climate policies in developing countries. We draw lessons from existing mechanisms of conditional transfers. Experience with...

Persistent link: https://www.econbiz.de/10005207818

Dynamic Tax Competition under Asymmetric Productivity of Public Capital

Tanaka, H.; Hidaka, M. - Faculty of Economics, University of Cambridge - 2009

We here expand the static tax competition models in symmetric small regions, which were indicated by Zodrow and Mieszkowski (1986) and Wilson (1986), to a dynamic tax competition model in large regions, taking consideration of the regional asymmetry of productivity of public capital and the...

Persistent link: https://www.econbiz.de/10005068277

Issue Linkage, Delegation, and International Policy Cooperation

Spagnolo, G. - Faculty of Economics, University of Cambridge - 1999

How many international agreements should there be, and who should sign them? When policy issues are separable, linking them in a ‘grand international agreement’ facilitates policy cooperation by reallocating slack enforcement power. When policy issues are substitutes, issue linkage further...

Persistent link: https://www.econbiz.de/10005650508

Implementing the EU Renewables Directive

Neuhoff, K. - Faculty of Economics, University of Cambridge - 2009

The European Renewables Directive requires Member States to deliver on average 20% of their final energy consumption by 2020 using renewable energy sources. To deliver this target, Member States have to adjust planning procedures, evaluate energy market design, provide grid and supply...

Persistent link: https://www.econbiz.de/10005783734

The Revenge of the Market on the Rentiers: Why neo-liberal Reports of the end of history turned out to be premature (Updated 19 December 2011)

Palma, J.G. - Faculty of Economics, University of Cambridge - 2009

Starting from the perspective of heterodox Keynesian-Minskyian-Kindlebergian financial economics, this paper begins by highlighting a number of mechanisms that contributed to the current financial crisis. These include excess liquidity, income polarisation, conflicts between financial and...

Persistent link: https://www.econbiz.de/10005056491

Why Do Countries Peg the Way They Peg? The Determinants of Anchor Currency Choice

Meissner, C.M.; Oomes, N. - Faculty of Economics, University of Cambridge - 2006

Conditional on choosing a pegged exchange rate regime, what determines the currency to which countries peg or “anchor” their exchange rate? This paper aims to answer this question using a panel multinomial logit framework, covering more than 100 countries for the period 1980-1998. We find...

Persistent link: https://www.econbiz.de/10005113843

Capital Taxation and Electoral Accountability

Aidt, T.; Magris, F. - Faculty of Economics, University of Cambridge - 2003

In a representative democracy, voters can use elections to protect their property by holding politicians accountable for the tax policies they implement while in office. This paper demonstrates that performance voting can - partly or wholly - solve the capital levy problem. We characterise the...

Persistent link: https://www.econbiz.de/10005489300

Policy Compromises: Corruption and Regulation in a Dynamic Democracy

Aidt, T.S.; Dutta, J. - Faculty of Economics, University of Cambridge - 2004

This paper evaluates the extent of regulation in a democracy with political corruption. Elected politicians can restrict entry of firms in exchange for bribes from entrepreneurs. Full liberalisation implies free entry and allocative efficiency and is supported by a majority of voters. Voters...

Persistent link: https://www.econbiz.de/10005489315

One Cheer for Foreign Lobbying

Aidt, T.S.; Hwang, U. - Faculty of Economics, University of Cambridge - 2008

This paper presents an argument in favor of foreign lobbying. We show how foreign lobbying can help internalize cross …

Persistent link: https://www.econbiz.de/10005489333

To Ban or Not to Ban: Foreign Lobbying and Cross National Externalities

Aidt, Toke; Hwang, Uk - Faculty of Economics, University of Cambridge - 2014

This paper studies the costs and benefits of foreign lobbying. We show how and when foreign lobbying can help … internalize cross national externalities. We argue that this is an often overlooked benefit of foreign lobbying. We also study … under what conditions a constitutional rule banning foreign lobbying is in the national interest of a country. A key factor …

Persistent link: https://www.econbiz.de/10010735928