Using a general equilibrium model, this paper examines the employment and welfare effects of minimum wages coupled with capital taxes in a small open economy. The individual and joint optimal policies for a minimum wage and capital taxes are derived and explained. Specifically, policy reform to...

There are cities in the world which have experienced substantial numbers of foreign buyers in the local housing markets, thereby pushing up the real estate prices to the levels beyond the affordability of local residents. To suppress foreign influences in the forming of housing bubbles,...

This paper explores the effects of import quotas and voluntary export restraints (VER) on employment and welfare of an economy plagued by generalized unemployment due to wage rigidity. The welfare effects of quotas and VER in the presence of unemployment are compared with those derived in the...

Using a dual structure depicting a developing economy, this paper shows that increased partial privatization or foreign competition can lead to wage inequality between skilled and unskilled labor. In addition, rising wage inequality can be triggered by inflows of unskilled labor or outflows of...

This paper examines pollution and foreign-capital tax policies on the host country's welfare when foreign-investment tax credits are absent or present in the source country. In the absence of tax credits, the optimal policy is a pollution tax with a foreign-investment tax or subsidy. The...

In a stimulating paper, Modigliani and Cao (2004) concluded that most of the huge increase in the household saving rate in China since 1975, the 'Chinese saving puzzle', can be explained by the life-cycle hypothesis. Their analysis is based on the estimation of reduced form equations. However, a...

Aid conditional on the purchase of an imported capital good increases the supply of, and demand for, the good. Examining the effects of tied aid on capital accumulation, the current account, and welfare, we find that two resultant conflicting forces render the price of the capital good...

The following sections are included: <ul><li class="bullet">Introduction</li><li class="bullet">A Theoretical Model of Tax Rebates</li><li class="bullet">Modeling China's Duty Drawbacks and Tax Rebates in a CGE Framework</li><li class="bullet">Effects of Duty Drawbacks and Tax Rebates: Illustrative Experiments</li><li class="bullet">Concluding Remarks</li><li class="bullet">Appendix: Stability</li></ul><p> <form name="frmAbs" action="" style="visibility:hidden;"> <input name="href" value="/doi/abs/10.1142/9781783264797_0019" type="hidden"> <input name="title" value="Import Duty Drawback and VAT Rebate Policies: A CGE Analysis for China)" type="hidden"> <input name="doi" value="10.1142/9781783264797_0019" checked="checked" type="checkbox">

The following sections are included:IntroductionThe Model of Export Requirements with Import QuotasExport Requirements and WelfareConcluding RemarksAppendix

The following sections are included:IntroductionThe ModelThe Short-Run Impacts of Profit-SharingThe Long-Run Equilibrium and DynamicsConcluding RemarksAppendix