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Voluntary Debt Reduction : Incentives and Welfare
Helpman, Elhanan - 2021
In an economy with a debt overhang, investment depends on expected tax rates. On the other hand, expected tax rates depend on the debt's face value. Therefore investment depends on the face value of debt. I show that this may lead to a positive or negative association between debt and investment...
Persistent link: https://www.econbiz.de/10013228742
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Income distribution, product quality, and international trade
Fajgelbaum, Pablo D.; Grossman, Gene M.; Helpman, Elhanan - In: Journal of political economy 119 (2011) 4, pp. 721-765
Persistent link: https://www.econbiz.de/10009389383
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Global sourcing
Antràs, Pol; Helpman, Elhanan - In: Journal of political economy 112 (2004) 3, pp. 552-580
Persistent link: https://www.econbiz.de/10002095223
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Common agency and coordination : general theory and application to government policy making
Dixit, Avinash K.; Grossman, Gene M.; Helpman, Elhanan - In: Journal of political economy 105 (1997) 4, pp. 752-769
Persistent link: https://www.econbiz.de/10001225259
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Product development and international trade
Grossman, Gene M. - In: Journal of political economy 97 (1989) 6, pp. 1261-1283
Persistent link: https://www.econbiz.de/10001083162
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Trade wars and trade talks
Grossman, Gene M. - In: Journal of political economy 103 (1995) 4, pp. 675-708
Persistent link: https://www.econbiz.de/10001185502
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Growth and Welfare in a Small Open Economy
Grossman, Gene M. - 2010
, and trades these at exogenously given world prices. We study the welfare implications of R&D subsidies and commercial … achieves the first-best rate of growth, but not the first-best level of welfare. Small tariffs and export subsidies also affect … both growth and welfare. Growth may increase or decrease, depending upon which sector is promoted by the trade policy. But …
Persistent link: https://www.econbiz.de/10013139328
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Foreign Investment with Endogenous Protection
Grossman, Gene M. - 2011
welfare implications. We also allow for lobbying by workers with sector- specific skills and show how the conflicting …
Persistent link: https://www.econbiz.de/10013125846
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A Linder Hypothesis for Foreign Direct Investment
Fajgelbaum, Pablo D. - 2014
We study patterns of FDI in a multi-country world economy. We develop a model featuring non-homothetic preferences for quality and monopolistic competition in which specialization is purely demand-driven and the decision to serve foreign countries via exports or FDI depends on a...
Persistent link: https://www.econbiz.de/10013067204
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Balanced Growth Despite Uzawa
Grossman, Gene M. - 2016
The evidence for the United States points to balanced growth despite falling investment-good prices and an elasticity of substitution between capital and labor less than one. This is inconsistent with the Uzawa Growth Theorem. We extend Uzawa's theorem to show that the introduction of human...
Persistent link: https://www.econbiz.de/10013001767