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policy may even imply an increased resource use. In this case, a large part of the sustainability objective is met by … substituting domestic resource extraction by imports. When sustainability is modelled in an inter temporal, competitive framework …, the paper shows that the sustainability rule will not lead to a slower rate of extraction of the resource. …
Persistent link: https://www.econbiz.de/10009276121
policy may even imply an increased resource use. In this case, a large part of the sustainability objective is met by … substituting domestic resource extraction by imports. When sustainability is modelled in an inter temporal, competitive framework …, the paper shows that the sustainability rule will not lead to a slower rate of extraction of the resource. …
Persistent link: https://www.econbiz.de/10010261682
Persistent link: https://www.econbiz.de/10012792758
This paper elaborates on a number of key principles that need to underpin a coherent and development-friendly architecture for the WTO. The key principles include enlarging the scope of WTO bargaining to include labor flows as well as capital flows; creating a structure that would provide a...
Persistent link: https://www.econbiz.de/10005826269
The theory of comparative advantage is widely misunderstood to demonstrate the universal superiority of free trade. In fact, the theory depends upon a number of key assumptions and fails if they are relaxed. Empirically, many of these assumptions are highly questionable, if not demonstrably...
Persistent link: https://www.econbiz.de/10010669863
This paper analyzes the effects of trade liberalisation on the political support for policies that redistribute income between workers in different sectors. We allow for worker heterogeneity and imperfect mobility of workers across sectors, giving rise to a trade-off between redistribution and...
Persistent link: https://www.econbiz.de/10010603854
This paper studies income-redistribution effects from labor migration in a small open economy under alternative assumptions on the international mobility of capital. Our principal result is that induced international capital flows dampen or may even reverse redistribution effects. However, as...
Persistent link: https://www.econbiz.de/10010986323
This paper analyzes the effects of trade liberalisation on the political support for policies that redistribute income between workers in different sectors. We allow for worker heterogeneity and imperfect mobility of workers across sectors, giving rise to a trade-off between redistribution and...
Persistent link: https://www.econbiz.de/10010291563
This paper highlights the way in which workers of different age and ability are affected by anticipated and unanticipated trade liberalisations. A two-factor (skilled and unskilled labour), two-sector Heckscher-Ohlin trade model is supplemented with a education sector which uses skilled labour...
Persistent link: https://www.econbiz.de/10009441763
The analysis of migration in Findlay (1982) is extended by adding external economies of scale to the Ricardian model as in Ethier (1982). With external economies, the larger country always gains from trade but the smaller country may lose from trade unless the external economies of scale are...
Persistent link: https://www.econbiz.de/10010322805