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Exchange-Rate Adjustment and Macroeconomic Interdependence between Stagnant and Fully Employed Countries

Ono, Yoshiyasu - 2014

This paper presents a two-country two-commodity dynamic model with free international asset trade in which one country achieves full employment and the other suffers long-run unemployment. Own and spill-over effects of changes in policy, technological and preference parameters that emerge...

Persistent link: https://www.econbiz.de/10013057259

Effects of Unilateral Climate Policy on Terms of Trade, Capital Accumulation, and Welfare in a World Economy

Farmer, Karl - 2013

We present a two-good, two-country overlapping generations model where emissions arise from production and each country has a domestic emission permit system. When one country unilaterally reduces her cap on emissions, her output available for domestic and foreign consumption diminishes more...

Persistent link: https://www.econbiz.de/10012753478

International Trade in General Oligopolistic Equilibrium

Neary, J. Peter - 2016

This paper presents a new model of oligopoly in general equilibrium and explores its implications for positive and normative aspects of international trade. Assuming “continuum-Pollak” preferences, the model allows for consistent aggregation over a continuum of sectors, in each of which a...

Persistent link: https://www.econbiz.de/10013000218

Commodity Windfalls, Polarization, and Net Foreign Assets : Panel Data Evidence on the Voracity Effect

Arezki, Rabah - 2013

This paper examines the effects that windfalls from international commodity price booms have on net foreign assets in a panel of 145 countries during the period 1970-2007. The main finding is that windfalls from international commodity price booms lead to a significant increase in net foreign...

Persistent link: https://www.econbiz.de/10013092044

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

The Carbon-Budget Approach to Climate Stabilization : Cost-Effective Subglobal Versus Global Action

Eichner, Thomas - 2010

the abating country to tax its first-period consumption and to tax or subsidize its emissions in the first and/or second …

Persistent link: https://www.econbiz.de/10013136281

Product and Labor Market Deregulation in Unionized Oligopoly with Asymmetric Countries

Egger, Hartmut - 2011

This paper sets up a general oligopolistic equilibrium trade model for two integrated countries that are similar in all respects except of the prevailing labor market institutions. In one country, the labor market is perfectly competitive, while in the other country labor unions are active in a...

Persistent link: https://www.econbiz.de/10013119394

Location of Foreign Direct Investment in Vertically Related Markets

Milliou, Chrysovalantou - 2013

We provide an alternative explanation for the commonly observed FDI in developed countries (DCs) considering a vertically related market structure and endogenizing vertical technology transfer (VTT). We show that even though VTT is more costly in a less developed country (LDC), a multinational...

Persistent link: https://www.econbiz.de/10013086408

Unilateral Climate Policy, Asymmetric Backstop Adoption, and Carbon Leakage in a Two-Region Hotelling Model

van der Werf, Edwin - 2015

We study backstop adoption and carbon dioxide emission paths in a two-region model with unilateral climate policy and non-renewable resource consumption. The regions have an equal endowment of the internationally tradable resource and a backstop technology. We first study the case of a...

Persistent link: https://www.econbiz.de/10013039172

Optimal Income Taxation, Outsourcing and Policy Cooperation in a Dynamic Economy

Aronsson, Thomas - 2009

implementing a more progressive labor income tax structure and higher marginal capital income tax rates than it would have done in … the absence of outsourcing. The tax policy response by the government in the country that receives foreign production … noncooperative Nash equilibrium as a reference case, we also consider tax policy cooperation leading to higher welfare …

Persistent link: https://www.econbiz.de/10013156230

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