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Planned introductions of genetically modified crop varieties can be troublesome to model. Estimation of demand and supply equations is not feasible due to lack of data. Further, specifying demand and supply equations requires calibration to a presumed equilibrium. Depending on the point chosen,...
Persistent link: https://www.econbiz.de/10009443989
This paper analyses the impact of quality based labelling on product prices,factor allocation and the resulting effects on producers within the context of aninternational trading system. A general equilibrium model, calibrated to 1998 data,describes United States and European Union labelling...
Persistent link: https://www.econbiz.de/10009445941
This paper weights the relative advantages of multiple factors that lead to the success of professional sports stadiums in major markets, though a discussion of the arguments for and against public subsidies towards these projects. Using a logit statistical model, the paper determines that the...
Persistent link: https://www.econbiz.de/10009468763
The first chapter demonstrates that although it is possible to design utility functions that behave like empirical well-being, the functional forms relying on income adaptation and social comparisons put forward in the happiness literature fail to receive empirical validation. Under the income...
Persistent link: https://www.econbiz.de/10009476583
, price, and welfare effects of implementing the “does contain” rule on the maize sector in all significant trading countries … from their original destination. The measure would also lead to significant negative welfare effects, for all members of …
Persistent link: https://www.econbiz.de/10009446139
Die vorliegende Arbeit analysiert im Rahmen allgemeiner Gleichgewichtsmodelle offener Volkswirtschaften mögliche Wechselwirkungen zwischen zunehmender wirtschaftlicher Integration und national bzw. supranational bestimmter Umweltpolitik. Die Arbeit gliedert sich in 3 Teile. Der erste Teil der...
Persistent link: https://www.econbiz.de/10009471739
closed economies suggests that child labor policies could enhance welfare from a country’s point of view but nevertheless … question arises why politicians who are supposed to be concerned with social welfare do not combat child labor more severely … when the abolition of child labor would be welfare enhancing. In order to answer this question we develop and test in the …
Persistent link: https://www.econbiz.de/10009471803
Despite the general belief among economists on the growth-enhancing role of international trade and significant trade opening over the past 25 years, the growth performance of many developing economies, especially of those in Latin America and Africa, has been disappointing. While this poor...
Persistent link: https://www.econbiz.de/10012530145
processing trade between the EU and the CEEC, a form of intra-industry trade, is a notable feature of economic relations in … (labour market restrictions) within the EU is relaxed by vertical disintegration of production and relocation outside the EU … regime competition, particularly in the area of labour market policy. The income distribution implications of this …
Persistent link: https://www.econbiz.de/10009475652
The costs of import substitution (IS) as a strategy for industrialization, which was deemed synonymous with economic development by many development economists of the fifties and sixties, were shown to be substantial in the influential and nuanced studies of the seventies and eighties under the...
Persistent link: https://www.econbiz.de/10009444171