Showing 1 - 10 of 413
The theory of welfare accounting shows that comprehensive measures of net investment can be used to test whether an economy is following unsustainable paths of consumption. However, the notion of net investment used in most applied studies rules out technological progress and terms-of-trade...
Persistent link: https://www.econbiz.de/10014183904
Since 1980, the aggregate income of oil-exporting countries relative to that of oil-poor countries has been remarkably constant despite structural gaps in productivity growth rates. This stylized fact is analyzed in a two-country model where resource-poor (Home) and resource-rich (Foreign)...
Persistent link: https://www.econbiz.de/10013138807
We study the incentives of selfish governments to tax tradable primary inputs under asymmetric trade. Using an empirically-consistent model of endogenous growth, we obtain explicit links between persistent gaps in productivity growth and the observed tendency of resource-exporting (importing)...
Persistent link: https://www.econbiz.de/10013073455
Persistent link: https://www.econbiz.de/10014438940
The theory of welfare accounting shows that comprehensive measures of net investment can be used to test whether an economy is following unsustainable paths of consumption. However, the notion of net investment used in most applied studies rules out technological progress and terms-of-trade...
Persistent link: https://www.econbiz.de/10009236274
Persistent link: https://www.econbiz.de/10009153818
Persistent link: https://www.econbiz.de/10009154422
Persistent link: https://www.econbiz.de/10009407725
Persistent link: https://www.econbiz.de/10009699846
Since 1980, the aggregate income of oil-exporting countries relative to that of oil- poor countries has been remarkably constant despite structural gaps in productivity growth rates. This stylized fact is analyzed in a two-country model where resource- poor (Home) and resource-rich (Foreign)...
Persistent link: https://www.econbiz.de/10008748355