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Distortionary domestic taxation and Pareto-efficient international trade

Edwards, Jeremy S. S.; Schöb, Ronnie - 2002

This paper characterises the domestic tax systems which yield Pareto-efficient outcomes for a two-country world economy … when each country uses its domestic tax system to influence ist terms of trade. In such circumstances, the implementation … of domestic tax systems which achieve a globally Pareto-efficient outcome as a Nash equilibrium will be very difficult …

Persistent link: https://www.econbiz.de/10011408776

Effects of unilateral climate policy on terms of trade, capital accumulation, and welfare in a world economy

Farmer, Karl (contributor); Friedl, Birgit (contributor); … - 2008

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/10003749461

International trade in general oligopolistic equilibrium

Neary, J. Peter - 2015

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 small...

Persistent link: https://www.econbiz.de/10011406571

Monetary and fiscal policy design under EMU : a dynamic game approach

Aarle, Bas van; Engwerda, Jacob Christiaan; Plasmans, … - 2000

This paper analyzes the problem of designing macroeconomic stabilization policies within the European Monetary Union (EMU) as a dynamic game between a centralized monetary authority, the European Central Bank (ECB), and national fiscal policy makers. Non-cooperative feedback Nash equilibrium and...

Persistent link: https://www.econbiz.de/10009781533

Destination vs. origin-based commodity taxation in large open economies with unemployment

Antoniou, Fabio; Hatzipanayotou, Panos; Tsakiris, Nikos - 2015

We construct a perfectly competitive general equilibrium model of two large and symmetric countries producing tradable commodities and a public consumption good. Destination or origin-based taxes are levied on the consumption of the tradable goods. In both countries, an institutional minimum...

Persistent link: https://www.econbiz.de/10011375684

Trade and labour standards : theory, new empirical evidence, and policy implications

Dehejia, Vivek Harsha; Samy, Yiagadeesen - 2002

Recent trade negotiations, both at the regional and multilateral level, have seen a resurgence of the issue of trade and labour standards. As the world economy becomes increasingly globalised and the volume of world trade flows keeps increasing between the North and the South, it is very likely...

Persistent link: https://www.econbiz.de/10011514094

Transfers, non-traded goods, and unemployment : an analysis of the Keynes-Ohlin debate

Brakman, Steven (contributor); … - 2005

In the famous debate between Keynes and Ohlin on the transfer problem, the interaction between non-traded goods and unemployment complicates the analysis considerably. We analyze these issues using four different models to conclude that Keynes's concern regarding the large burden imposed on...

Persistent link: https://www.econbiz.de/10003203409

Globalization, cross-border pollution and welfare

Hatzipanayotou, Panos (contributor); … - 2005

We construct a two-good general equilibrium model of international trade for two small open economies where pollution from production is transmitted across borders. Governments in both countries impose emission taxes non-cooperatively. Within this framework, we examine the effect of trade...

Persistent link: https://www.econbiz.de/10003109921

Trade shocks and macroeconomic fluctuations in Africa

Kose, M. Ayhan; Riezman, Raymond Glenn - 1999

This paper examines the role of external shocks in explaining macroeconomic fluctuations in African countries. We construct a quantitative, stochastic, dynamic, multi-sector equilibrium model of a small open economy calibrated to represent a typical African economy. In our framework, external...

Persistent link: https://www.econbiz.de/10009781698

Trade structure and growth effects of taxation in a two-country world

Amano, Daisuke; Itaya, Jun-ichi; Mino, Kazuo - 2014

This paper explores the long-run impacts of tax policy in a two-country model of endogenous growth with variable labor … supply. We focus on international spillover effects of tax reforms under alternative trade structures. It is shown that if … financial flows, a change in tax policy in one country directly diffuses to the growth performance of the other country, even …

Persistent link: https://www.econbiz.de/10010375183

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