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Based upon the foundations of mean-variance decision-making theory, we demonstrate that a change in the risk situation …
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This paper examines three possible sources of "de-industrialization" in an open economy: monetary disinflation, an increase in the international price of oil, and a 'domestic oil discovery. The analysis is conducted using a model which incorporates different speeds of adjustment in goods and...
Persistent link: https://www.econbiz.de/10013247221
This paper examines three possible sources of "de-industrialization" in an open economy: monetary disinflation, an increase in the international price of oil, and a 'domestic oil discovery. The analysis is conducted using a model which incorporates different speeds of adjustment in goods and...
Persistent link: https://www.econbiz.de/10012478533
We study the economic relationship between globalization and inequality within a country. In a partial equilibrium it …, relative consumption inequality between employed and the marginalized always rises by intensified globalization. However in … certain situations the relative income inequality may fall. -- Globalization ; inequality ; marginalization ; policy …
Persistent link: https://www.econbiz.de/10003841950
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We study the economic relationship between globalization and inequality within a country. In a partial equilibrium it …, relative consumption inequality between employed and the marginalized always rises by intensified globalization. However in …
Persistent link: https://www.econbiz.de/10013153411