We present a two-good, two-country overlapping generations model where emissions arise from production and each country has a domestic emission permit system. When one country unilaterally reduces her cap on emissions, her output available for domestic and foreign consumption diminishes more...

This paper investigates business cycles in Asia. Business cycles in developing small, open countries are different from those in developed small countries. Most interesting characteristics in developing countries are excessive consumption volatilities and strong countercyclical net export. Asia...

In deze bijdrage wordt de problematiek van de termijnen in de nieuwe wet Consumentenkoop besproken. Eerst worden de diverse termijnen gesitueerd, dan worden het bestaan van het gebrek, de waarborgtermijn, de meldingstermijn en de verjaringstermijn behandeld, met telkens aanduiding van het gemene...

We present a general equilibrium analysis of biofuel subsidies in an open-economy context. In the small-country case, when a Pigouvian tax on conventional fuels such as crude is in place, the optimal biofuel subsidy is zero. When the tax on crude is not available as a policy option, however, a...

The present paper sets out to aid in the development of "environmental load displacement" indicators. Developing the notion of the "environmental memory" of physical flows, we estimated embodied pollution in trade of 18 industrialised countries with a) the rest of the world and b) developing...