In this paper we develop a simple neoclassical growth model with perfect international capital mobility to analyze the stability of the differential equation in the foreign debt/GDP dynamics of developing countries in general and Korea, Malaysia and Thailand in particular in the long run using...

Politicians understand that a conventional double dividend policy - defined asreduction of greenhouse gas emissions and unemployment through taxation of energy and CO2emissions and subsidization of wage costs - and the aim of keeping international competitivenessof all sectors intact may be...

Prebisch and Singer (henceforth PS) have initiated several debates in economics, which have generated much research. Some of these debates may have converged to a compromise, whereas others are much less researched. We briefly summarize them in the next section in order to point out that the...

In this paper we develop a simple neoclassical growth model with perfect internationalcapital mobility to analyze the international debt dynamics of developing countries ingeneral and Korea, Malaysia and Thailand in particular. We show that three differentregimes can be distinguished: a stable...

We integrate two workhorse models in economics: The monopolistic competition model of Dixit and Stiglitz and the search unemployment model of Pissarides. Many results of the original models survive. New results concerning the effects of changes in labour (goods) market parameters on goods...

We analyze empirically for Brazil a hypothesis by Stiglitz (2002) saying that devaluations may be more effective in reducing trade deficits than cuts in budget deficits. We find that the Ricardian equivalence does not hold. Devaluations have a stronger impact on the trade deficit than budget...

The monopolistic competition model of Dixit and Stiglitz for the goodsmarket and the search unemployment model of Pissarides are combined ThePissarides part looses its Walrasian goods market and the Dixit-Stiglitz part looses itsWalrasian labour market. Pissarides’ results now also depend on...

The cost-minimization part of a specific factors model with perfect capital movements and production externalities for both perfect and imperfect competition is used here to explain the growth rate of wages as a function of technical change, terms of trade or import changes, interest rate...

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The cost-minimization part of a specific factors model with perfect capital movements and both perfect and imperfect competition is used here to explain the growth rate of wages as a function of technical change, terms of trade changes, interest rate changes and the growth rate of the labour...