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Environmental Policy and Firm Selection in the Open Economy
Kreickemeier, Udo - 2019
In this paper, we analyse the effects of a unilateral change in an emissions tax in a model of international trade with heterogeneous firms. We find a positive effect of tighter environmental policy on average productivity in the reforming country through reallocation of labour towards exporting...
Persistent link: https://www.econbiz.de/10012866556
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The Role of Human Capital in Structural Change and Growth in an Open Economy : Innovative and Absorptive Capacity Effects
Bye, Brita; Faehn, Taran - 2021
Since the financial crisis in 2008, slow growth has riddled Europe and the Covid-19 pandemic is amplifying the challenge. Promoting economic growth and transforming to a more knowledge-based industrial structure will be high on the agenda for the coming decades. We study how more and better...
Persistent link: https://www.econbiz.de/10013249658
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Trade Openness and Growth : A Network-Based Approach
Duernecker, Georg; Meyer, Moritz; Vega-Redondo, Fernando - 2021
In this paper, we propose a novel approach to the study of international trade that leads to a measure of country openness that is quite different from the various alternatives proposed by the received literature. In contrast to these, our measure does not use indicators of aggregate trade...
Persistent link: https://www.econbiz.de/10013211116
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An Open-Economy Ramsey-Cass-Koopmans Model in Reduced Form
Spiro, Daniel - 2021
What is a good reduced-form representation of Ramsey-Cass-Koopmans. (RCK) model? Solow’s model (despite non-optimizing agents) provides predictions largely consistent with a closed-economy RCK but fundamentally differs regarding open-economy income convergence. Where RCK predicts partial...
Persistent link: https://www.econbiz.de/10013212258
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Education, Lack of Complementary Investment and Underemployment in an Open Economy
Marjit, Sugata; Ahuja, Rashmi; Pandey, Abhilasha - 2021
In many developing economies rate of unemployment is increasing with skill accumulation and thereby leading to underemployment. Our paper offers to look at skill formation as a demand side problem not as a traditional supply side problem and also how skill formation or education affects...
Persistent link: https://www.econbiz.de/10013213779
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A Microfounded Sectoral Model for Open Economies
Plasmans, Joseph; Fornero, Jorge; Michalak, Tomasz - 2021
In this paper we derive a microfounded macro New Keynesian model for open economies, be they large or small. We consider habit formation in consumption, sectoral linkages for tradable and non-tradable goods, capital stock investments with variable capital utilization, domestic and foreign...
Persistent link: https://www.econbiz.de/10013317027
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Corporate Taxation in Open Economies
Šauer, Radek - 2022
This paper analyzes the macroeconomic impact of corporate taxation. The analysis is conducted in a quantitative two-country model. In the first step, the paper describes the long-run effects of corporate taxation. A reduction in the corporate-income tax rate increases GDP, wages, consumption,...
Persistent link: https://www.econbiz.de/10014076706
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Aggregate Properties of Open Economy Models with Expanding Varieties
Bhattarai, Saroj; Kucheryavyy, Konstantin - 2022
externalities and dynamic trade models that feature monopolistic competition, endogenous entry, and heterogeneous firms. The …
Persistent link: https://www.econbiz.de/10014079144
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Mobile Tax Base as a Global Common
Konrad, Kai A. - 2021
If countries anticipate Bertrand competition in tax rates, they may expend effort that makes some of their tax payers … use. I analyse how such activities interact with Bertrand tax competition if the size of the group of loyal and non … of non-price competition. Home attachment reduces the intensity of tax competition, but generates a strategic …
Persistent link: https://www.econbiz.de/10013316737
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Asset Level Heterogeneity, Competition and Export Incentives : The Role of Credit Rationing
Marjit, Sugata - 2020
through asset building. The theoretical and empirical results indicate that an increase in the initial level of competition … implies greater export incentive. However, over the life cycle of a firm, the role of competition is impacted by the intensity … of capital accumulation and the initial level of wealth. Greater local competition before the entry of firms in the …
Persistent link: https://www.econbiz.de/10012836956