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Who Gains from Non-Collusive Corruption?
Oechslin, Manuel; Foellmi, Reto - Royal Economic Society - RES - 2003
We explore the impact of non-collusive corruption on the wealth distribution. We show that the distributional consequences depend crucially on the degree of capital market imperfections. With perfect capital markets, corruption does not redistribute wealth within the private sector. However, if...
Persistent link: https://www.econbiz.de/10005022131
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Market imperfections, wealth inequality, and the distribution of trade gains
Foellmi, Reto; Oechslin, Manuel - 2010
Globalization increasingly involves less-developed countries (LDCs), i.e., economies which usually suffer from severe imperfections in their financial systems. Taking these imperfections seriously, we analyze how credit frictions affect the distributive impact of trade liberalizations. We find...
Persistent link: https://www.econbiz.de/10010316053
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Why progressive redistribution can hurt the poor
Foellmi, Reto; Oechslin, Manuel - In: Journal of public economics 92 (2008) 3/4, pp. 738-747
Persistent link: https://www.econbiz.de/10003717092
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Market imperfections, wealth inequality, and the distribution of trade gains
Foellmi, Reto; Oechslin, Manuel - 2009
Persistent link: https://www.econbiz.de/10003911944
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Globalization and Productivity in the Developing World
Foellmi, Reto; Oechslin, Manuel - School of Economics and Political Science, Universität … - 2012
We explore the productivity impact of international trade in a monopolistically competitive economy with endogenous mark-ups due to credit market frictions. We show that reducing trade barriers in such an environment (i) may - but not necessarily must – have a negative impact on productivity...
Persistent link: https://www.econbiz.de/10009653431
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Market Imperfections, Wealth Inequality, and the Distribution of Trade Gains
Foellmi, Reto; Oechslin, Manuel - Department Volkswirtschaftlehre, Universität Bern - 2010
Globalization increasingly involves less-developed countries (LDCs), i.e., economies which usually suffer from severe imperfections in their financial systems. Taking these imperfections seriously, we analyze how credit frictions affect the distributive impact of trade liberalizations. We find...
Persistent link: https://www.econbiz.de/10008570649
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Market Imperfections, Wealth Inequality, and the Distribution of Trade Gains
Foellmi, Reto; Oechslin, Manuel - C.E.P.R. Discussion Papers - 2009
Globalization increasingly involves less-developed countries (LDCs), i.e., economies which usually suffer from severe imperfections in their financial systems. Taking these imperfections seriously, we analyze how credit frictions affect the distributive impact of trade liberalizations. We find...
Persistent link: https://www.econbiz.de/10008577810
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Market imperfections, wealth inequality, and the distribution of trade gains
Foellmi, Reto; Oechslin, Manuel - In: Journal of International Economics 81 (2010) 1, pp. 15-25
Globalization increasingly involves less-developed countries (LDCs), i.e., economies which usually suffer from severe imperfections in their financial systems. Taking these imperfections seriously, we analyze how credit frictions affect the distributive impact of trade liberalizations. We find...
Persistent link: https://www.econbiz.de/10008495140
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Market Imperfections, Wealth Inequality, and the Distribution of Trade Gains
Oechslin, Manuel; Foellmi, Reto - Institut für Volkswirtschaftslehre, … - 2006
We explore the role of the ownership structure of capital in an economy that suffers from barriers to entry and an imperfect financial system. In such an environment, an unequal distribution of capital provides an explanation for trade flows and trade gains even when countries do not differ in...
Persistent link: https://www.econbiz.de/10005760906
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Who Gains From Non-Collusive Corruption?
Foellmi, Reto; Oechslin, Manuel - Institut für Volkswirtschaftslehre, …
We explore the impact of non-collusive corruption on factor rewards and on the wealth distribution. We show that the distributional consequences depend crucially on the degree of capital market imperfections. With perfect capital markets, corruption does not redistribute wealth within the...
Persistent link: https://www.econbiz.de/10005760929