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General pattern formation in recursive dynamical systems models in economics

Xepapadeas, Anastasios; Brock, William - 2009

This paper presents a fairly general treatment of recursive infinite horizon forward looking optimizing systems on infinite dimensional spatial domains. It includes optimal control, an analysis of local stability of spatially flat optimal steady states and development of techniques to compute...

Persistent link: https://www.econbiz.de/10010279438

How Fast are the Tourism Countries Growing? The cross-country evidence

Brau, Rinaldo; Lanza, Alessandro; Pigliaru, Francesco - 2003

Specializing in tourism is an option available to a number of less developed countries and regions. But is it a good option? To answer this question, we have compared the relative growth performance of 14 "tourism countries" within a sample of 143 countries, observed during the period 1980-95....

Persistent link: https://www.econbiz.de/10011325125

Technological diffusion, spatial spillovers and regional convergence in Europe

Paci, Raffaele; Pigliaru, Francesco - 2001

convergence of GDP per worker observed across the European regions, in the absence of data on regional TFP. Second, the spatial … regional convergence in Europe. As for the first issue, our aim is to assess whether the convergence observed across European … regions is due to convergence in technology as well as to convergence in capital-labour ratios. We first develop a growth …

Persistent link: https://www.econbiz.de/10011608798

Cheap Talk, Gullibility, and Welfare in an Environmental Taxation Game

Deissenberg, Christophe; Dawid, Herbert; Sevcik, Pavel - 2004

We consider a simple dynamic model of environmental taxation that exhibits time inconsistency. There are two categories of firms, Believers, who take the tax announcements made by the Regulator to face value, and Non-Believers, who perfectly anticipate the Regulator's decisions, albeit at a...

Persistent link: https://www.econbiz.de/10011325007

Instabilities and Robust Control in Fisheries

Xepapadeas, Anastasios; Roseta-Palma, Catarina - 2003

Demand and supply analysis in fisheries often indicates the presence of instabilities and multiple equilibria, both in open access conditions and in the socially optimal solution. The associated management problems are further intensified by uncertainty on the evolution of the resource stock or...

Persistent link: https://www.econbiz.de/10011325140

Elephants

Kremer, Michael R.; Morcom, Charles - 1997

Existing models of open-access resources are applicable to non-storable resources, such as fish. Many open-access resources, however, are used to produce storable goods. Elephants, rhinos, and tigers are three prominent examples. Anticipated future scarcity of these resources will increase...

Persistent link: https://www.econbiz.de/10011608358

Estimating the New Keynesian Phillips Curve for Italian Manufacturing Sectors

Massidda, Carla - 2005

The purpose of this paper is to test the general validity of the NKPC previsions for the Italian manufacturing industries. In particular we are interested in estimating the extent to which the degree of nominal inertia and the fraction of backward-looking price-setters differ from industry to...

Persistent link: https://www.econbiz.de/10010312509

Short and long-term effects of environmental tax reform

Oueslati, Walid - 2013

This paper examines the macroeconomic effects of an environmental tax reform in a growing economy. A model of endogenous growth based on human capital accumulation is used to numerically simulate the growth effects of different environmental tax reforms and compute their impact on welfare in the...

Persistent link: https://www.econbiz.de/10010294313

Land, Environmental Externalities and Tourism Development

Ibáñez, Javier Lozano; Palmer, Javier Rey-Maquieira; … - 2004

In a two sectors dynamic model we analyze the process of tourism development based on the accumulation of capital (building of tourism facilities) and the reallocation of land from traditional activities to the tourism sector. The model incorporates the conflict between occupation of the...

Persistent link: https://www.econbiz.de/10011324905

Channels of Transmission of Environmental Policy to Economic Growth: A Survey of the Theory

Ricci, Francesco - 2004

Economists generally hold that environmental regulations impose constraints on the production possibilities set and are therefore potentially harmful to economic growth. In recent years, however, it has been recognized that environmental regulation can enhance the prospects for growth if...

Persistent link: https://www.econbiz.de/10011324927