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Gersbach, Hans - 2017

We examine long-run treaties for mitigating climate change. Countries pay an initial fee into a global fund that is invested in long-run assets. In each period, part of the fund is distributed among the participating countries in relation to the emission reductions they have achieved in this...

Persistent link: https://www.econbiz.de/10012958888

Sustainability of an Economy Relying on Two Reproducible Assets

Cairns, Robert D. - 2017

Evaluating the sustainability of a society requires a system of shadow or accounting values derived from the sustainability objective. As a first step toward the derivation of such shadow values for a maximin objective, this paper studies an economy composed of two reproducible assets, each...

Persistent link: https://www.econbiz.de/10012962605

Generous Sustainability

Gerlagh, Reyer - 2014

I define “generous sustainability” as a combination of two conditions: neither instantaneous maximin income nor attainable maximin income should decrease over time. I provide a formal definition and study applications to an AK economy, a Ramsey economy, and a Climate Economy. Generosity is...

Persistent link: https://www.econbiz.de/10013040484

VAT and Agriculture : Lessons from Europe

Cnossen, Sijbren - 2017

Farmers are often exempted from VAT for administrative and political reasons. But this means that the VAT on their inputs cannot be ‘washed out' through the tax deduction/credit mechanism. To compensate farmers for the uncompensated VAT on inputs, the EU has devised a flat-rate scheme that...

Persistent link: https://www.econbiz.de/10012960480

Why is Measured Productivity so Low in Agriculture?

Herrendorf, Berthold - 2015

In poor countries, labor productivity in agriculture is considerably lower than in the rest of the economy. We assess … between the marginal value products of agriculture and non-agriculture are considerably smaller when measured through wages … than through labor productivities. Third, labor productivity in agriculture is severely mis-measured in the US …

Persistent link: https://www.econbiz.de/10013015078

A Ricardian Analysis of the Impact of Climate Change on European Agriculture

Van Passel, Steven - 2014

This research estimates the impact of climate on European agriculture using a continental scale Ricardian analysis …

Persistent link: https://www.econbiz.de/10013051384

Democratic Tipping Points

Ciccone, Antonio - 2018

I examine whether transitory events can tip the scales against authoritarian regimes and lead to persistent democratization. I think of situations where this is a possibility as democratic tipping points. The transitory events I focus on are rainfall shocks in the most agricultural countries in...

Persistent link: https://www.econbiz.de/10012919235

Fiscal Policy Sustainability, Economic Cycle and Financial Crises : The Case of the GIPS

Legrenzi, Gabriella Deborah - 2014

We extend previous work on the sustainability of the government's intertemporal budget constraint by allowing for non-linear adjustment of the fiscal variables, conditional on the sign of budgetary disequilibria and the phase of the economic cycle. Further, our endogenously estimated threshold...

Persistent link: https://www.econbiz.de/10013065030

Population Aging, Social Security and Fiscal Limits

Heer, Burkhard - 2018

We study the sustainability of pension systems using a life-cycle model with distortionary taxation that sets an upper limit to the real value of tax revenues. This limit implies an endogenous threshold dependency ratio, i.e. a point in the cross-section distribution of the population beyond...

Persistent link: https://www.econbiz.de/10012912616

Modeling Fiscal Sustainability in Dynamic Macro-Panels with Heterogeneous Effects : Evidence from German Federal States

Feld, Lars P. - 2018

In this paper, we extend Henning Bohn's (2008) fiscal sustainability test by allowing for slope heterogeneity and cross-sectional dependence (CD). In particular, our econometric approach is the first that allows fiscal reaction functions (FRF) to capture unobserved heterogeneous effects from...

Persistent link: https://www.econbiz.de/10012917513