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作者：Bird, G
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作者：Dekle, R
作者单位：Boston University
摘要：The paper examines the magnitude of the 'saving retention coefficient,' b, in a setting of known near perfect capital mobility, Japanese regions. First, we find that on total regional saving and investment rate data, inclusive of regional government saving and investment, the estimate of b is negative. This negative relationship in the total rates across Japanese regions appears to arise from the strong negative association in the government saving and. Investment rates. Second, on private reg...
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作者：Copeland, BR
摘要：This paper considers the optimal unilateral policy for a country that imports a good from a neighbouring country and is harmed by pollution generated during the production of that good. If the foreign country has a variable abatement technology, then Home has an incentive to impose a tax on the pollution content of imports (a pollution content tariff). Foreign regulation of pollution does not eliminate Home's incentives to intervene, but instead may create rent-shifting opportunities. By makin...
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作者：Ellingsen, T; Stole, LA
作者单位：University of Chicago
摘要：Mandated countertrade is a policy to restrict unilateral imports. A country's government thereby in effect commits domestic firms not to purchase from a foreign trading partner unless there are reciprocal sales. We argue that the policy may be a rational response to fundamental contracting failures, our key assumption being that sellers are incompletely informed about buyers' valuations. In line with observed practices, the analysis suggests that an optimal mandated countertrade policy will ta...
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作者：vanElkan, R
摘要：This paper develops a model of an open economy in which the stock of human capital may be augmented by either imitation or innovation. Productivity in imitation depends on the difference between the body of world knowledge and an individual's stock of human capital (the knowledge gap), while productivity in innovation depends on past behavior through learning-by-doing. The model predicts convergence of growth rates, hut no, (necessarily) of per capita income levels, in the steady state. An imp...
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作者：Turnovsky, SJ
摘要：This paper develops an endogenous growth model of a small open economy. Domestic capital accumulation involves convex costs of adjustment, a consequence of which is that no steady-state growth path may exist. The equilibrium growth rates of domestic capital and consumption are determined largely independently. The former is determined by production conditions, the latter is determined primarily by tastes. Various fiscal issues are discussed, beginning with the effects of taxes on growth and we...
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作者：Cooper, RN
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作者：Shea, KL; Woodfield, AE
作者单位：University of Canterbury; University of Hong Kong
摘要：The paper extends Manning's model on education and balanced growth to include labour immigration. Each immigration unit is assumed to consist of one skilled worker and some unskilled members. The optimal immigration policy which maximizes the per capita steady-state consumption of the host country is derived. We show that optimal immigration policy can reduce the steady-state skilled labour ratio. More interesting still, contrary to the widespread belief that immigration of skilled workers hur...
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作者：Feenstra, RC; Gagnon, JE; Knetter, MM
作者单位：Dartmouth College; University of California System; University of California Davis; Federal Reserve System - USA; National Bureau of Economic Research
摘要：Using a Bertrand differentiated products model we show that pass-through should be high for exporters based in a country with a very large share of total destination market sales. For source countries with small and intermediate market shares, the relationship is potentially nonlinear and sensitive to assumptions about demand and firm interactions. The model is estimated using a panel data set of automobile exports from four source countries to 12 destination markets over the period 1970-88. T...
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作者：Flood, RP; Garber, PM; Kramer, C
作者单位：Brown University
摘要：in the literature on speculative attacks on a fixed exchange rate it is usually assumed that the monetary authority responsible for fixing the rate reacts passively to the monetary disruption caused by the attack. This assumption is grossly at odds with actual experience where the monetary base implications of the attacks are usually sterilized. Such sterilization means that the attack is no longer exclusively a monetary event and requires that the standard attack model be broadened to include...
