Vietnam joined the World Trade Organization in January 2007. The fast economic growth observed for the last decades has resulted in a strong reduction of poverty and increasing inequalities. This paper evaluates the potential distributive impact of the WTO accession using a macro-micro model....

We explore recent analytical developments in trade applied general equilibrium models and present a state of the art. Two extensions have been recently introduced : imperfect competition in order to show the impact of trade liberalization on welfare through a reduced monopoly power and economies...

This article achieves to assess the impact of Poland’s accession to the European Union (EU) on factor and product markets, household consumption, economic growth and also on welfare. To explore the effects of regional integration in this specific transition economy, we implement an applied...

The literature on long-term relationships in public finance is dominated by two approaches: fiscal sustainability and Wagner´s law. In this paper, we argue that they should be analyzed simultaneously, using vector error-correction models for public expenditures, revenues, and GDP. For Germany,...

Based on an empirical application for Germany, we compare two methods of measuring fiscal sustainability: the generational-accounting approach and the OECD method. In a first step, we show that the two methods can be transformed into one another. Hence, the indicators of generational accounting...