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This paper examines the effects of a unilateral reform of the redistribution policy in an economy open to international …-reforming trading partner, the unilateral redistribution policy reform resembles a unilateral increase in trade costs leading to a …
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This paper expands Baranzini's (1991) approach by introducing the assumption of an open economy to a model of capital accumulation in an intergenerational framework. Our results show the importance of government activity and foreign trade interrelations in determining the path of the income...
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