crude is not available as a policy option, however, a second-best biofuel subsidy (or tax) is optimal. In the large … subsidization. Terms-of-trade effects wash out between trading nations; hence, any policy intervention by the two trading nations …

counterfactual experiments to assess the effect of the different exogenous variables. French expansionary education policy boosted …We evaluate the effect of technology, demographics and policy on the differential evolution of the skill premium and on … the rise in education investment in France and the USA. We use a computable general equilibrium model with overlapping …

natives. Trade and both migration solutions reduce inequality between the populations of the two countries by the same amount …

market level, i.e. rising income inequality overall as well as within and between education groups. …In recent decades, most developed countries have experienced a simultaneous increase in income inequality and … indeed the main driving force behind the observed increase in income inequality. This is the case even when other potential …

The effects of competition on growth are analyzed in the recent literature by comparing economies with the same market …