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equilibrium of a small open economy where the environment is an input to production. Differences in the ability of individuals to … play a role in the determination of collective choices with respect to the regulation of the environment and of trade. We …- welfare nexus. …
Persistent link: https://www.econbiz.de/10005178423
Lower Saxony, a prime location for renewable electricity generation in Germany with ambitious climate policy goals. The … insights in the nexus between trade policy and climate policy. Simulations suggest that the removal of tariffs creates smaller … welfare gains than a comparable reduction of non-tariff barriers to trade but also a slightly smaller increase in global CO2 …
Persistent link: https://www.econbiz.de/10011624245
We investigate the welfare implications of two pre-crisis immigration waves (1991-2000 and 2001-2010) and of the post … across countries and across skill groups. In relative terms, the post-crisis wave induces smaller welfare gains compared to …
Persistent link: https://www.econbiz.de/10011874688
We investigate the welfare implications of two pre-crisis immigration waves (1991–2000 and 2001–2010) and of the post … across countries and across skill groups. In relative terms, the post-crisis wave induces smaller welfare gains compared to …
Persistent link: https://www.econbiz.de/10011822879
equalization and one with different factor prices. When factor prices are equalized, trade improves welfare under relatively mild …
Persistent link: https://www.econbiz.de/10010277390
Using the hybrid of Heckscher - Ohlin and Specific Factor models of trade we show that economic recession led shock results in a loss for both capitalists and skilled workers. Some of the unionized unskilled workers lose formal sector employment and move onto the informal sector. In case capital...
Persistent link: https://www.econbiz.de/10009323211
This paper builds a general equilibrium model for a small open economy with unemployment of unskilled labor to assess the impact of a recessionary shock. It is shown that irrespective of the factor intensity assumption skilled wage and rental ratio goes up if recession led price fall is...
Persistent link: https://www.econbiz.de/10009323235
equalization and one with different factor prices. When factor prices are equalized, trade improves welfare under relatively mild …
Persistent link: https://www.econbiz.de/10009274515
This paper attempts to give an idea about the upshot of a recessionary phase on the intermediation activity which is required for the survival of the informal fragment of a society. Informal part of the economy covers a large chunk of the total economic activities in any developing economy....
Persistent link: https://www.econbiz.de/10010840712
it in labor-intensive industries. Nevertheless, trade will be mutually welfare-improving under relatively mild conditions. …
Persistent link: https://www.econbiz.de/10011056327