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This paper studies the macroeconomic effects and sequencing of (LMRs) and product (PMRs) market reforms in Morocco. It finds that introducing LMRs and PMRs simultaneously would add about 2.5 percentage points (pp) of GDP growth and reduce unemployment by about 2.2 pp after five years. If...
Persistent link: https://www.econbiz.de/10012858957
To combat COVID-19 the entire world has resorted to global lockdown implying restriction on international labor migration and trade. This paper aims to check the effect of such restrictions on the unemployment of unskilled labor in the source country. In competitive general equilibrium framework...
Persistent link: https://www.econbiz.de/10012249709
A multisectoral dynamic general equilibrium tax model with and without announcement effects for open and closed capital markets is used to evaluate efficiency gains and transitional effects from equal yield tax reforms for seven different taxes in the UK economy. Impacts of an unanticipated tax...
Persistent link: https://www.econbiz.de/10014068306
We study how the introduction of carbon taxes in a closed economy propagate in a credit portfolio and precisely describe how carbon taxes dynamics affect the firm value and credit risk measures such as probability of default, expected and unexpected losses.We adapt a stochastic multisectoral...
Persistent link: https://www.econbiz.de/10014349359
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growth also goes hand in hand with formation of slums and congestion. We thus argue that there is a role for public policies …
Persistent link: https://www.econbiz.de/10012708417
growth also goes hand in hand with formation of slums and congestion. We thus argue that there is a role for public policies …
Persistent link: https://www.econbiz.de/10013316592
agglomeration. Both aspects are linked to territorial cohesion's significant dimension of polycentricity (as balanced and harmonious … development), and together they constitute a challenge to established norms of urban agglomeration. Finally, the paper discusses … 'urban paradox' - the coexisting positive and negative effects of urban agglomeration and its established geography. …
Persistent link: https://www.econbiz.de/10013272299
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