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National Minimum Wages, Capital Mobility and Global Economic Growth

Irmen, Andreas; Wigger, Berthold - C.E.P.R. Discussion Papers - 2002

the emergence of national unemployment due to minimum wages. Interestingly, differences in national savings propensities …

Persistent link: https://www.econbiz.de/10005124004

Monetary Policy and Uncertainty about the Natural Unemployment Rate

Wieland, Volker - C.E.P.R. Discussion Papers - 2003

important source of uncertainty is the relationship between inflation and unemployment. This Paper studies the optimal monetary … policy in the presence of uncertainty about the natural unemployment rate, the short-run inflation-unemployment trade-off and …

Persistent link: https://www.econbiz.de/10005067479

Workers, Machines and Economic Growth

Zeira, Joseph - C.E.P.R. Discussion Papers - 1995

This paper models technology adoption as replacing workers by machines, which perform the same job in the production process. The paper shows that such modelling of technology adoption affects significantly the analysis of economic growth. This model can explain large and persistent...

Persistent link: https://www.econbiz.de/10005504740

Dynamic Aid Allocation

Carter, Paddy; Postel-Vinay, Fabien; Temple, Jonathan - C.E.P.R. Discussion Papers - 2013

This paper introduces a framework for studying the optimal dynamic allocation of foreign aid among multiple recipients. We pose the problem as one of weighted global welfare maximization. A donor in the North chooses an optimal path for international transfers, anticipating that consumption and...

Persistent link: https://www.econbiz.de/10011084466

Convergence in Growth Rates: The Role of Capital Mobility and International Taxation

Razin, Assaf; Yuen, Chi-Wa - C.E.P.R. Discussion Papers - 1993

We consider the role of capital mobility and international taxation in explaining the observed diversity in long-term income growth rates. Under perfect capital mobility, international differences in taxes will not matter for total growth differentials. Policy differences have a role to play in...

Persistent link: https://www.econbiz.de/10005067595

Convergence in Growth Rates: A Quantitative Assessment of the Role of Capital Mobility and International Taxation

Razin, Assaf; Yuen, Chi-Wa - C.E.P.R. Discussion Papers - 1993

We provide an exploratory quantitive analysis of the role of capital mobility and international taxation in explaining the observed cross-country diversity in the long-run rates of growth of per capita and total incomes as well as the population growth rates. Corroborative evidence is found for...

Persistent link: https://www.econbiz.de/10005656281

Global View of Economic Growth

Ventura, Jaume - C.E.P.R. Discussion Papers - 2005

This paper integrates in a unified and tractable framework some of the key insights of the field of international trade and economic growth. It examines a sequence of theoretical models that share a common description of technology and preferences but differ on their assumptions about trade...

Persistent link: https://www.econbiz.de/10005666914

Winners and Losers in a North-South Model of Growth, Innovation and Product Cycles

Chui, Michael; Levine, Paul L; Pearlman, Joseph - C.E.P.R. Discussion Papers - 1999

The paper examines the welfare gains from North-South trade and their distribution. We construct an endogenous growth North-South model with four Southern stages of development as possible equilibria: specialisation in a traditional good; the South in addition copies Northern high-tech...

Persistent link: https://www.econbiz.de/10005792247

Growth Effects of Income and Consumption Taxes

Milesi-Ferretti, Gian Maria; Roubini, Nouriel - C.E.P.R. Discussion Papers - 1998

The effects of income and consumption taxation are examined in the context of models in which the growth process is driven by the accumulation of human and physical capital. The different channels through which these taxes affect economic growth are discussed. It is shown that the effects of...

Persistent link: https://www.econbiz.de/10005114419

Decentralized Trade, Entrepreneurial Investment and the Theory of Unemployment

Coles, Melvyn G - C.E.P.R. Discussion Papers - 1996

This paper considers an equilibrium model of unemployment in a labour market where all vacancies are advertised in a … newspaper. Unemployment occurs in occupations that are short on vacancies. New vacancies are created by entrepreneurial search … unique rational expectations equilibrium is shown to exist. The unemployment-vacancy dynamics are consistent with so …

Persistent link: https://www.econbiz.de/10005504418