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We show in the context of a new economic geography model that when labor is heterogenous trade liberalization may lead to industrial agglomeration and interregional trade. Labor heterogeneity gives local monopoly power to firms but also introduces variations in the quality of the job match....
Persistent link: https://www.econbiz.de/10014404143
Search models with posting and match-specific heterogeneity generate wage dispersion. Given K values for the match-specific variable, it is known that there are K reservation wages that could be posted, but generically never more than two actually are posted in equilibrium. What is unknown is...
Persistent link: https://www.econbiz.de/10014402407
This Selected Issues paper examines prospects for increasing growth and reducing poverty in the Solomon Islands. The paper highlights that agriculture constitutes the largest sector of the Solomon Islands economy, averaging about 20 percent of GDP throughout the 1990s. The Solomon Islands also...
Persistent link: https://www.econbiz.de/10014405896
the medium term. Enforcing the tax agreement with, a Gold Ridge company, and implementing the new resource taxation regime …
Persistent link: https://www.econbiz.de/10014397153
This paper presents the Tax Summary for the Solomon Islands. The paper discusses that normal business expenses are …
Persistent link: https://www.econbiz.de/10014401565
The Icelandic government has launched a review of the tax system, with a view to improving its income redistribution … detrimental effects on employment and growth, and at removing inconsistencies with international practices. The tax measures will …. The Icelandic Corporate Index Tax would benefit from adopting financial accounting as the basis to determine taxable …
Persistent link: https://www.econbiz.de/10014403917
This Selected Issues paper and Statistical Appendix surveys the main reasons for Papua New Guinea’s disappointing economic performance, highlighting the key impediments to growth in each of the main sectors of the economy. The paper outlines the structural reforms that could help reduce these...
Persistent link: https://www.econbiz.de/10014406949
This Selected Issues and Statistical Appendix paper reviews the path of Papua New Guinea’s external debt over the last decade. It explains the underlying macroeconomic framework to better understand the dynamics behind the external debt profile, and assesses the relative scale of the public...
Persistent link: https://www.econbiz.de/10014407090
This Selected Issues paper for the Solomon Islands reviews budget trends in the past decade and assesses medium-term budget prospects. Aid flows and revenue from import tariffs and logging are projected to decline. Spending pressures are likely to pick up considerably, owing to the need to...
Persistent link: https://www.econbiz.de/10014406765
This Selected Issues paper outlines economic developments in the Republic of the Marshall Islands (RMI) since independence in 1986, focusing on the challenges posed by dependence on foreign grants, and progress toward achieving budgetary self-reliance. Like most other Pacific islands, the RMI...
Persistent link: https://www.econbiz.de/10014406891