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An assessment of the impact of HIV/AIDS on economic growth : the case of Kenya

Were, Maureen; Nafula, Nancy N. - 2003

poverty reduction initiatives. HIV/AIDS is fast eroding the health benefits, which Kenya gained in the first two decades of … Kenya. Within this framework, the paper attempts to analyse the impact of HIV/AIDS on Kenya s economic growth by way of …HIV/AIDS pandemic in Africa has been closely associated with adverse economic effects, and could thwart the success of …

Persistent link: https://www.econbiz.de/10011509459

The dynamics of comparative advantage

Hanson, Gordon H.; Lind, Nelson; Muendler, Marc-Andreas - 2015

This paper characterizes the dynamic empirical properties of country export capabilities in order to inform modelling of the long-run behavior of comparative advantage. The starting point for our analysis is two strong empirical regularities in international trade that have previously been...

Persistent link: https://www.econbiz.de/10011392498

Endogenous business cycles and growth

Wälde, Klaus - 2003

Current explanations why a growing economy necessarily goes through booms and recessions predict countercyclical R&D investment. As this is very controversial from an empirical perspective, a stochastic Poisson model of endogenous business cycles and growth is presented where the determinants of...

Persistent link: https://www.econbiz.de/10011507773

Stochastic optimal control modeling of debt crises

Stein, Jerome L. - 2003

What is an optimal or a sustainable external debt - for a country, region or sector? How should one monitor and evaluate debt to preclude a crisis? We use stochastic optimal control/dynamic programming to derive an optimal debt. The deviation of the actual from the optimal will serve as a...

Persistent link: https://www.econbiz.de/10011509487

Stochastic optimal control, international finance and debt

Fleming, Wendell Helms; Stein, Jerome L. - 2002

We use stochastic optimal control-dynamic programming (DP) to derive the optimal foreign debt/net worth, consumption/net worth, current account/net worth, and endogenous growth rate in an open economy. Unlike the literature that uses an Intertemporal Budget Constraint (IBC) or the Maximum...

Persistent link: https://www.econbiz.de/10011410314

Natural volatility, welfare and taxation

Posch, Olaf (contributor); Wälde, Klaus (contributor) - 2006

Persistent link: https://www.econbiz.de/10003364359

A stochastic optimal control approach to international finance and foreign debt

Fleming, Wendell Helms; Stein, Jerome L. - 1999

The recent financial crises, especially the debt crisis in Asia, have led to questions su ch as: what are their causes, what is an excessive debt and how vulnerable is an economy to external shocks? We develop an economic model of international finance and debt based upon two sources of...

Persistent link: https://www.econbiz.de/10009781699

The costs of organized violence : a review of the evidence

Skaperdas, Stergios - 2009

I critically review recent studies that estimate those costs of violence and conflict that can emerge among organized political groupings, from states, religious and ethnic organizations to guerillas and paramilitaries. The review includes studies that estimate direct and indirect costs due to...

Persistent link: https://www.econbiz.de/10003861749

Fairness spillovers : the case of taxation

Cornelißen, Thomas; Himmler, Oliver; König, Tobias - 2010

It is standardly assumed that individuals adjust to perceived unfairness or norm violations in precisely the same area or relationship where the original offense has occurred. However, grievances over being exposed to injustice may have even broader consequences and also spill over to other...

Persistent link: https://www.econbiz.de/10008697792

What should we expect from innovation? : a model-based assessment of the environmental and mitigation cost implications of climate-related R&D

Bosetti, Valentina; Carraro, Carlo; Duval, Romain; … - 2010

This paper addresses two basic issues related to technological innovation and climate stabilisation objectives: i) Can innovation policies be effective in stabilising greenhouse gas concentrations? ii) To what extent can innovation policies complement carbon pricing (taxes or permit trading) and...

Persistent link: https://www.econbiz.de/10003949084

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