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Cross-Country Income Differences and Technology Diffusion in a Competitive World
Irmen, Andreas - 2012
This paper develops a new open-economy endogenous growth model where technology diffusion allows for a stable and non-degenerate world income distribution. In accordance with the empirical literature, I find that country characteristics such as the social infrastructure, the degree of openness,...
Persistent link: https://www.econbiz.de/10012754962
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An Empirical Growth Model for Major Oil Exporters
Esfahani, Hadi Salehi; Mohaddes, Kamiar; Pesaran, M. Hashem - 2021
-run output equation with a coefficient equal to the share of capital (α). The long-run theory is tested using quarterly data on … results support the long-run theory. The existence of long-run relations between real output, foreign output and real oil … steadily over the past three decades, the theory suggests that the effect of oil income on the economy’s steady state growth …
Persistent link: https://www.econbiz.de/10013315924
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Skilled Worker Migration and Trade : Inequality and Welfare
Bougheas, Spiros - 2011
We develop a two-sector, two-country model where trade is driven by technological differences. Each country is populated by large number of heterogeneous workers distinguished by their level of skills. Given that one country has a technological advantage in the skilled intensive good when we...
Persistent link: https://www.econbiz.de/10013132017
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Fiscal Competition, Convergence and Agglomeration
Fenge, Robert - 2007
This paper analyzes the impact of fiscal competition through infrastructure in a New Economic Geography framework. It is shown that regional competition leads to convergence if the trade costs are high but induces divergence if trade cost have fallen below a certain value. Moreover, fiscal...
Persistent link: https://www.econbiz.de/10012776022
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Compactness vs. Sprawl Revisited : Converging Views
Ewing, Reid - 2014
This paper examines the relative merits of compact cities or urban sprawl (suburban settlement patterns) as a spatial solution to environmental problems (such as climate control), automobile dependence, economic development, infrastructure costs and the quality of urban life
Persistent link: https://www.econbiz.de/10013059513
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Catching-Up, Inflation Differentials and Credit Booms in a Heterogeneous Monetary Union : Some Implications for Emu and New EU Member States
MacDonald, Ronald - 2013
In this paper we propose an alternative explanation for the nature, sources and consequences of inflation rate differentials in a monetary union, such as EMU. To achieve this, we build on the new neoclassical synthesis (NNS) framework, recently advanced by Goodfriend (2002) and Goodfriend and...
Persistent link: https://www.econbiz.de/10012754168
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Discounting, Inequalities and Economic Convergence
Gollier, Christian - 2013
The aim of this paper is to examine the impact of inequalities and economic convergence on the efficient discount rate, in the absence of any risk-sharing scheme. We consider an economy in which the initial consumption level and the distribution of consumption growth are heterogeneous. The...
Persistent link: https://www.econbiz.de/10013094078
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Catching-Up and Inflation in Europe : Balassa-Samuelson, Engel's Law and Other Culprits
Égert, Balázs - 2013
This study analyses the impact of economic catching-up on annual inflation rates in the European Union with a special focus on the new member countries of Central and Eastern Europe. Using an array of estimation methods, we show that the Balassa-Samuelson effect is not an important driver of...
Persistent link: https://www.econbiz.de/10013094566
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North-South Technology Transfer in Unionised Multinationals
Lommerud, Kjell Erik - 2010
We study how incentives for North-South technology transfers in multinational enterprises are affected by labour market institutions. If workers are collectively organised, incentives for technology transfers are partly governed by firms' desire to curb trade union power. This will affect not...
Persistent link: https://www.econbiz.de/10013135262
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Compliance Technology and Self-Enforcing Agreements
Harstad, Bård - 2015
We analyze a repeated game in which countries are polluting as well as investing in technologies. While folk theorems point out that the first best can be sustained as a subgame-perfect equilibrium when the players are sufficiently patient, we derive the second best equilibrium when they are...
Persistent link: https://www.econbiz.de/10013011799