SUSTAINING POLICY COOPERATION BETWEEN ECONOMIES OF DIFFERENT SIZE

• 成果类型: Article
• 署名作者: JENSEN, H
• 署名单位: Aarhus University; Aarhus University
• 刊物名称: JOURNAL OF INTERNATIONAL ECONOMICS
• ISSN/ISSBN: 0022-1996
• DOI: 10.1016/0022-1996(94)90005-1
• 发表日期: 1994
• 页码: 289-307
• 关键词: INTERNATIONAL POLICY COORDINATION; NATIONAL HETEROGENEITY; TRIGGER STRATEGIES; policy games

摘要

I consider an example of a two-country model featuring national heterogeneity, and demonstrate that heterogeneity plays an important role for the countries' gains from international policy cooperation, and - just as important - for the incentives to break the cooperative agreement. I find that national heterogeneity unambiguously reduces trigger strategies' support for policy cooperation. In other words, the more countries differ, the harder it is to sustain policy cooperation.