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Pollution and resource extraction : do they matter for the dynamics of growth?
Economides, George; Philippopulos, Apostolēs - 2000
This paper shows that whether pollution occurs as a by-product of economic activity (which is supposed to be the case in DCs), or as resource extraction (which is supposed to be the case in LDCs), matters for the dynamics of the optimal growth-environment-policy link. The context is a dynamic...
Persistent link: https://www.econbiz.de/10001557342
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Welfare costs of inflation in a dynamic economy with search unemployment and endogenous growth
Heer, Burkhard - 2000
unemployment which is calibrated for the US economy. Interestingly, both employment and the growth rate may even increase with the …
Persistent link: https://www.econbiz.de/10001489853
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Human capital formation, income inequality and growth
Viaene, Jean-Marie; Zilcha, Itzhak - 2001
parental human capital; (2) intergenerational transfers are accomplished via investment in the education of the younger … human capital production is affected by the 'home-education', provided by the parents, as well as the 'public-education …
Persistent link: https://www.econbiz.de/10001606426
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Income inequality, voting over the size of public consumption, and growth
Grossmann, Volker - 2002
According to a standard argument, higher income inequality fosters redistributive activities of the government in favor of the median income earner. This paper shows that if redistribution is achieved by a public provision of goods and services rather than by transfers, higher income inequality...
Persistent link: https://www.econbiz.de/10001689155
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How to promote R&D-based growth? : public education expenditure on scientists and engineers versus R&D subsidies
Grossmann, Volker - 2004
evaluates the positive and normative implications of R&D subsidies and compares them with the effects of public education policy … engineering (S&E) skills, where individuals endogenously choose the type of education, and allows for heterogeneity in individual … publicly provided education targeted to S&E skills. Finally, the optimal structure of public education spending on different …
Persistent link: https://www.econbiz.de/10002129220
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Education, growth and income inequality
Teulings, Coen N.; Rens, Thijs van - 2002
hypothesis of diminishing returns to education. The implied elasticity of substitution fits Katz and Murphy's (1992) estimate. A …
Persistent link: https://www.econbiz.de/10001652930
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The economics of duty-free shopping
Christiansen, Vidar; Smith, Stephen - 2001
In 1999 the EU abolished duty-free on intra-EU travel, whilst other countries still retain duty-free shopping for international travellers. We adress several aspects of duty-free trade, including effects on consumption, revenue and price-setting. From a global perspective we identify the...
Persistent link: https://www.econbiz.de/10001626089
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Optimal tariffs and subsidies and changes in markets structure
Egli, Dominik Anton; Westermann, Frank - 2000
We present a unified treatment of optimal trade policy for a small country. The well-known results for duopoly and competitive markets emerge as benchmark cases of our model. In addition, we show that changes in market structure have non-monotonic effects on optimal tariffs. Our results suggest...
Persistent link: https://www.econbiz.de/10001546323
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Agency cost of debt and lending market competition : is there a relationship?
Koskela, Erkki; Stenbacka, Rune - 2000
We address the question of how lending market competition, measured by the bargaining power of banks, affects the agency costs of debt finance. It is shown that intensified lending market competition will lead to lower lending rates and investment return distributions which are shifted towards...
Persistent link: https://www.econbiz.de/10001476530
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Sports league expansion and economic efficiency : monopoly can enhance consumer welfare
Kahn, Lawrence M. - 2003
This paper studies optimal sport league size. League expansion lowers average player quality, reducing fans' utility in inframarginal locations, while fan utility in new locations rises. Welfare analyses of such expansions must compare these two effects. Using a model where fan demand depends on...
Persistent link: https://www.econbiz.de/10001925813