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Subsidies to consumers may cause firms to charge higher prices, which offsets consumer benefits from subsidies. We study a subsidy program design that mitigates such price increases by making products' eligibility for a subsidy dependent on firms' commitment to price ceilings. To quantify the...
Persistent link: https://www.econbiz.de/10012510538
, fuel economy standards for automobiles, renewable portfolio standards, low carbon fuel standards, and--most recently--China … substantial gains could arise from shifting two programs, China's new national carbon market (~60% gain) and the California Low …
Persistent link: https://www.econbiz.de/10012482586
subsidies for poor households in two provinces of China and find no evidence that the subsidies improved nutrition. In fact, it …
Persistent link: https://www.econbiz.de/10012462554
China eventually becomes the world's saver and, thereby, the developed world's savoir with respect to its long …In previous studies that excluded China we predicted that tax hikes needed to pay benefits along the developed world …'s demographic transition would lead to capital shortage, reducing real wages per unit of human capital. Adding China to the model …
Persistent link: https://www.econbiz.de/10012467008
Concerns about the quality of China's official GDP statistics have been a perennial question in understanding its …
Persistent link: https://www.econbiz.de/10012455358
In 2009 and 2010, China undertook a 4 trillion Yuan fiscal stimulus, roughly equivalent to 12 percent of annual GDP …
Persistent link: https://www.econbiz.de/10012455879
The latest World Bank estimates of real GDP per capita for China are significantly lower than previous ones. We review … than an output-weighted measure of GDP. Taking all these together, we estimate that real per-capita GDP in China was 50 …
Persistent link: https://www.econbiz.de/10012460928
The United States spends twice as much per person on pharmaceuticals as European countries, in large part because prices are much higher in the US. This fact has led policymakers to consider legislation for price controls. This paper assesses the effects of a US international reference pricing...
Persistent link: https://www.econbiz.de/10013210081
We analyze consequences of changing the terms of trade between agriculture and industry on capital accumulation and on welfare of workers in different sectors. The issue was central to Soviet industrialization debate and it remains important in today's developing world. Through a simple general...
Persistent link: https://www.econbiz.de/10012477945
This paper reviews the leading ideas that have emerged within two paradigms of price adjustment. Neither, it appears, provides a satisfactory theoretical scheme when taken in isolation. This paper concludes that an attempt to merge the more convincing elements of each is needed, and some...
Persistent link: https://www.econbiz.de/10012478502