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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
Many European Union states have adjusted pension benefits or reformed the pension system in reaction to the recent economic crisis, while other member states have postponed this type of adjustments. In this paper we study to what extent countries that responded quickly to the crisis are harmed...
Persistent link: https://www.econbiz.de/10010865063
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 extends a recent class of quantitative models of international trade to incorporate factor mobility within countries. We present a model-based decomposition of the variance of economic activity into the contributions of locational fundamentals, market access and their covariance. We...
Persistent link: https://www.econbiz.de/10010543482
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