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Leeper, Eric M. - 2011

Aging populations in advanced economies are placing ever-increasing demands on government spending in the form of old-age benefits. Economies that have promised substantially more benefits than they have made provision to finance are heading into a prolonged era of fiscal stress. Unresolved...

Persistent link: https://www.econbiz.de/10012461838

Y2K and Offshoring : The Role of External Economies and Firm Heterogeneity

Mitra, Devashish - 2005

We construct a model of offshoring with externalities and firm heterogeneity. Due to the presence of externalities, temporary shocks like the Y2K problem can have permanent effects, i.e., they can permanently raise the extent of offshoring in an industry. Also, the initial advantage of a country...

Persistent link: https://www.econbiz.de/10012466954

North-South R&D Spillovers

Coe, David T. - 1995

We examine the extent to which developing countries that do little, if any research and development themselves benefit from R&D that is performed in the industrial countries. By trading with an industrial country that has large 'stocks of knowledge' from its cumulative R&D activities, a...

Persistent link: https://www.econbiz.de/10012473841

A North-South Model of Taxation and Capital Flow

Slemrod, Joel - 1990

its country.<br><br>The world equilibrium in the model is characterized by excessive (by the standard of global efficiency …

Persistent link: https://www.econbiz.de/10012475799

Intellectual Property Rights and North-South Trade

Chin, Judith C. - 1988

, and the consequences of the decision taken by the South for welfare in the North and for efficiency of the world … producer selling some good to an integrated world market. In this competition, only the Northern firm has the ability to … technology and the North harmed by such actions. A strong system of intellectual property rights may or may not enhance world …

Persistent link: https://www.econbiz.de/10012476291

Bridging the Gap : Do Fast Reacting Fossil Technologies Facilitate Renewable Energy Diffusion?

Verdolini, Elena - 2016

The diffusion of renewable energy in the power system implies high supply variability. Lacking economically viable storage options, renewable energy integration has so far been possible thanks to the presence of fast-reacting mid-merit fossil-based technologies, which act as back-up capacity....

Persistent link: https://www.econbiz.de/10012456223

Climate Change and Long-Run Discount Rates : Evidence from Real Estate

Giglio, Stefano - 2015

The optimal investment to mitigate climate change crucially depends on the discount rate used to evaluate the investment's uncertain future benefits. The appropriate discount rate is a function of the horizon over which these benefits accrue and the riskiness of the investment. In this paper, we...

Persistent link: https://www.econbiz.de/10012456904

Competing Engines of Growth : Innovation and Standardization

Acemoglu, Daron - 2010

We study a dynamic general equilibrium model where innovation takes the form of the introduction new goods, whose production requires skilled workers. Innovation is followed by a costly process of standardization, whereby these new goods are adapted to be produced using unskilled labor. Our...

Persistent link: https://www.econbiz.de/10012462712

A Tractable Model of Precautionary Reserves, Net Foreign Assets, or Sovereign Wealth Funds

Carroll, Christopher D. - 2009

We model the motives for residents of a country to hold foreign assets, including the precautionary motive that has been omitted from much previous literature as intractable. Our model captures many of the principal insights from the existing specialized literature on the precautionary motive,...

Persistent link: https://www.econbiz.de/10012463421

Serial Default and the "Paradox" of Rich to Poor Capital Flows

Reinhart, Carmen M. - 2004

Lucas (1990) argued that it was a paradox that more capital does not flow from rich countries to poor countries. He rejected the standard explanation of expropriation risk and argued that paucity of capital flows to poor countries must instead be rooted in externalities in human capital...

Persistent link: https://www.econbiz.de/10012468398

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