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produce an explicit rule for the planner country regarding income transfers, and to investigate the effects of income … transfers on each countryfs welfare. The findings are: (i) when country i has a productive advantage in producing public goods … transfers, the planner can decide the values of income transfers for all countries; (iii) even though any country can become a …
Persistent link: https://www.econbiz.de/10005774283
The purpose of this paper is to produce an explicit rule of planner for country h on global income redistribution and … to investigate the global effects of income transfer among N countries on national welfare of country h. The finding is … global income transfer, the planner can decide the values of income transfer for all country. (iii) Even though any country …
Persistent link: https://www.econbiz.de/10011123970
The dynamic spatial general equilibrium model RHOMOLO with endogenous firm location incorporates multiple sources of agglomeration and dispersion. Agglomeration is driven mainly by increasing returns to scale and localised externalities; dispersion by costly trade and imperfect competition. In...
Persistent link: https://www.econbiz.de/10011099080
This paper presents the new dynamic spatial general equilibrium (DSGE) model – RHOMOLO, which is built to support the EU policy design by undertaking holistic, micro-founded and disaggregated policy impact assessment. The RHOMOLO model is based on the theories of general equilibrium,...
Persistent link: https://www.econbiz.de/10008774122
The US ahs been criticized for wanting to earn a fortune on a global CO2 market. However, compared to the situation without trade and provided that such a market is designed so that it does not pay to cheat, a global CO2 market may provide the world with an epoch-making means of cost-effective...
Persistent link: https://www.econbiz.de/10005671685
equilibrium model of trade under imperfect competition. The focus of the paper is the welfare consequences of reducing trade … barriers and the changes in production and trade flows with the rest of the world. Welfare changes by country are reported and … welfare effects arising from imperfect competition. Intra-EC trade liberalization has pro-competitive effects which make a …
Persistent link: https://www.econbiz.de/10005504484
country's productive capabilities is often attainable only at the expense of another country's general welfare. The authors …
Persistent link: https://www.econbiz.de/10004972999
including empirical studies of the welfare effects of quality - upgrading voluntary export restrictions and import quotas …
Persistent link: https://www.econbiz.de/10004973154
and raises importable production while a tax cut does not have any effect. The welfare implication is ambiguous in case of … a decrease in cost of corruption. A tax cut, however, raises the welfare unambiguously. …
Persistent link: https://www.econbiz.de/10011111111
Quantifications of gains from trade in heterogeneous firm models assume that productivity is Pareto distributed. Replacing this assumption with log-normal heterogeneity retains some useful Pareto features, while providing a substantially better fit to sales distributions—especially in the left...
Persistent link: https://www.econbiz.de/10011083251