Showing 81 - 90 of 107
This paper analyzes a Kaldor-Pasinetti two-class model of growth and distribution in which fiscal activity is explicitly introduced along the lines of L. Pasinetti (1989). Following the approach of W. Darity (1981), the model is reduced to a dynamic system where the Cambridge equation is one of...
Persistent link: https://www.econbiz.de/10005177440
Persistent link: https://www.econbiz.de/10005188468
Ramsey's model is extended to three possible scenarios of conflicts in dual-population lands: partition, federation and civil war. The federally utility-maximizing consumption-growth rate in a strictly political federation might be lower than that under partition for the wealthier and more...
Persistent link: https://www.econbiz.de/10005495962
We analyse a dynamic model linking terrorist activities to popular support through a recruitment mechanism. It is shown that anti-terrorism policies focusing on liberal ideals (reducing repression, increasing economic opportunity) are effective at abating recruitment, thereby affecting the...
Persistent link: https://www.econbiz.de/10005495963
This paper develops a simple two-country model in which each economy consists of two sectors: a competitive non-tradable sector and an oligopolistic tradable sector. We investigate two related issues that arise in response to trade liberalization. First, we examine the linkage between trade...
Persistent link: https://www.econbiz.de/10005505214
Persistent link: https://www.econbiz.de/10005462263
This paper studies the expulsion of Jews from Spain in 1492. This forced migration process is addressed with a model that blends demographic, religious and macroeconomic features. The optimal migration path is derived. It is shown that a large portion of the Sephardim community fled the country...
Persistent link: https://www.econbiz.de/10005404324
This paper examines the effect of inflation on effort and productivity in a representative agent model. We allow individual effort to be a continuous choice variable, which affects utility negatively and output positively. Our general model shows that the effect of inflation on effort, and hence...
Persistent link: https://www.econbiz.de/10005404343
Work ethics affects labor supply. This idea is modeled assuming that work is habit forming. This paper introduces working habits in a neoclassical growth model and compares its outcomes with a model without habit formation. In addition, it analyzes the impact of different forms of technical...
Persistent link: https://www.econbiz.de/10005404344
This paper investigates whether monetary and fiscal policies, such as lump-sum taxes and monetization of pubic deficit, have environmental impacts. We address this question extending the neoclassical monetary growth model. We include a state equation for natural resources, and consider natural...
Persistent link: https://www.econbiz.de/10005404352