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Aggregate Scale Economies, Market Integration, and Optimal Welfare State Policy
Molana, Hassan; Montagna, Catia - 2005
Using a two-sector-two-country model with aggregate scale economies and unionisation, we show that optimal welfare state policy entails positive levels of unemployment benefits under free-trade and capital mobility. In this setting, economic integration does not reduce the revenue raising...
Persistent link: https://www.econbiz.de/10014061546
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Aggregate Scale Economies, Market Integration, and Optimal Welfare State Policy
Molana, Hassan; Montagna, Catia - EconWPA - 2005
Using a two-sector-two-country model with aggregate scale economies and unionisation, we show that optimal welfare state policy entails positive levels of unemployment benefits under free-trade and capital mobility. In this setting, economic integration does not reduce the revenue raising...
Persistent link: https://www.econbiz.de/10005408070
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Expansionary Effects of the Welfare State in a Small Open Economy
Molana, Hassan; Montagna, Catia - Centre for Dynamic Macroeconomic Analysis, University … - 2005
We examine the relationship between welfare state policies and economic performance in a small open economy with (i) free trade in final goods and international capital mobility, and (ii) aggregate increasing returns to scale. Contrary to the conventional wisdom, we find that a retrenchment of...
Persistent link: https://www.econbiz.de/10005698033
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The Performance of Monetary and Fiscal Rules in an Open Economy with Imperfect Capital Mobility
Meirelles Aurelio, Marcela - 2005
This paper studies monetary and fiscal policy rules, and investigates the characteristics of optimal policies. The central focus of the paper is on the comparison of two types of fiscal rules: a balanced budget and a target for the primary surplus. Balanced budget rules (or, more generally,...
Persistent link: https://www.econbiz.de/10014067414
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Welfare and competition
Scitovsky, Tibor - 1971 - Rev. ed.
Persistent link: https://www.econbiz.de/10002790465
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The Welfare State and Competitiveness
Alesina, Alberto F. - 2010
In all modern industrial countries, redistributive expenditures are a larger component of the government budget than consumption of goods and services. In this paper, we use a general equilibrium, two- country model with exportables, importables and nontradables to study redistribution across...
Persistent link: https://www.econbiz.de/10013138851
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The Welfare State and Competitiveness
Alesina, Alberto - 1994
In all modern industrial countries, redistributive expenditures are a larger component of the government budget than consumption of goods and services. In this paper, we use a general equilibrium, two- country model with exportables, importables and nontradables to study redistribution across...
Persistent link: https://www.econbiz.de/10012474110
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The welfare state and competitiveness
Alesina, Alberto - 1994
Persistent link: https://www.econbiz.de/10013416681
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Welfare and Competition.
Scitovsky, Tibor - 2003
Dealing with general economic theory, other than employment theory, the book discusses the theory of pure and … monopolistic competition - with a special emphasis upon welfare aspects. Beginning with an analysis of the consumer and of the … SUBJECT MATTER OF ECONOMICS -- II. THE MARKET -- 1. Isolated Bargaining -- 2. Competitive Bargaining -- 3. Perfect Competition …
Persistent link: https://www.econbiz.de/10012690401
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Productivity dynamics : the role of competition in a service industry
Breda, Thomas; Bryson, Alex; Forth, John - 2019
changes in competition in the United States. The sector offers workplace employee representation through trade union branches … Productivity (TFP) than incumbents. Increased competition from new entrants leads incumbents to reduce the price of union …. Those with higher TFP have higher survival probabilities. However, increased competition does not induce incumbents to raise …
Persistent link: https://www.econbiz.de/10012139524