Green Agrowth as a Third Option: Removing the GDP
... comparisons with others. This manifests itself in the pursuit of consumption of conspicuous goods and associated rivalry for status. Now status is absolutely scarce: if someone has much status it, others lack it. As a result of this, growth in average income beyond basic needs, even when equally dis ...
... comparisons with others. This manifests itself in the pursuit of consumption of conspicuous goods and associated rivalry for status. Now status is absolutely scarce: if someone has much status it, others lack it. As a result of this, growth in average income beyond basic needs, even when equally dis ...
csps99
... Optimality of competitive markets The principal claim is that social welfare (the sum of producer and consumer surplus) is maximized at the competitive price and quantity for a good. A series of examples are worked to show that a variety of policies and regulations, such as price fixing, taxes, and ...
... Optimality of competitive markets The principal claim is that social welfare (the sum of producer and consumer surplus) is maximized at the competitive price and quantity for a good. A series of examples are worked to show that a variety of policies and regulations, such as price fixing, taxes, and ...
5. The Greek Social Model: Towards a Deregulated Labour Market
... segmentation along various lines (public/private, large/small firms, formal/underground economy, by age, sex, ethnic origin). The industrial relations system and the wage-setting and employment regimes were characterized by high industrial conflict, a confrontational culture and lack of social dialo ...
... segmentation along various lines (public/private, large/small firms, formal/underground economy, by age, sex, ethnic origin). The industrial relations system and the wage-setting and employment regimes were characterized by high industrial conflict, a confrontational culture and lack of social dialo ...
research paper series Research Paper 2006/26
... umented evidence across many countries that within-group wage inequality is important and has increased (see Katz and Autor, 1999; Barth and Lucifora, 2006). Although the observed increase in within-group wage inequality has been parallel to the recent surge in intermediate goods trade (usually ref ...
... umented evidence across many countries that within-group wage inequality is important and has increased (see Katz and Autor, 1999; Barth and Lucifora, 2006). Although the observed increase in within-group wage inequality has been parallel to the recent surge in intermediate goods trade (usually ref ...
Monopoly Power and Endogenous Product Variety: Distortions and
... ω ∈ Ω. Production requires only one factor, labor. Aggregate labor productivity is indexed by Zt , which represents the effectiveness of one unit of labor. Zt is exogenous and follows an AR(1) process (in logarithms). Output supplied by firm ω is yt (ω) = Zt lt (ω), where lt (ω) is the firm’s labor ...
... ω ∈ Ω. Production requires only one factor, labor. Aggregate labor productivity is indexed by Zt , which represents the effectiveness of one unit of labor. Zt is exogenous and follows an AR(1) process (in logarithms). Output supplied by firm ω is yt (ω) = Zt lt (ω), where lt (ω) is the firm’s labor ...
Scale Economies, Country Size, and Tariff Wars
... In the absence of scale economies, size influences the welfare effects of a tariff only through the terms of trade. Kennan and Riezman (1988) use a pure exchange model to explore the effect of size on a country’s ability to win a tariff war. They find that when both countries are close in size, both ...
... In the absence of scale economies, size influences the welfare effects of a tariff only through the terms of trade. Kennan and Riezman (1988) use a pure exchange model to explore the effect of size on a country’s ability to win a tariff war. They find that when both countries are close in size, both ...
pse14 Burda 19108222 en
... Correlation of payroll tax rate Country to total compensation ( ) with GDP* ...
... Correlation of payroll tax rate Country to total compensation ( ) with GDP* ...
NBER WORKING PAPER SERIES TRADE AND LABOR MARKET OUTCOMES Elhanan Helpman Oleg Itskhoki
... For understanding the causes and consequences of international trade, recent research has increasingly focused on individual …rms. While this research emphasizes reallocations of resources across heterogeneous …rms, it typically assumes frictionless labor markets in which all workers are fully emplo ...
... For understanding the causes and consequences of international trade, recent research has increasingly focused on individual …rms. While this research emphasizes reallocations of resources across heterogeneous …rms, it typically assumes frictionless labor markets in which all workers are fully emplo ...
[PDF]
... For understanding the causes and consequences of international trade, recent research has increasingly focused on individual …rms. While this research emphasizes reallocations of resources across heterogeneous …rms, it typically assumes frictionless labor markets in which all workers are fully emplo ...
... For understanding the causes and consequences of international trade, recent research has increasingly focused on individual …rms. While this research emphasizes reallocations of resources across heterogeneous …rms, it typically assumes frictionless labor markets in which all workers are fully emplo ...
ge06 facchini 2315269 en
... than high-income ones. The intuition for this result is that, in this case, low-income natives will be competing with immigrants for access to public services. On the other hand, skilled immigration to a destination country - which is likely to relax the government’s budget constraint - leads to an ...
... than high-income ones. The intuition for this result is that, in this case, low-income natives will be competing with immigrants for access to public services. On the other hand, skilled immigration to a destination country - which is likely to relax the government’s budget constraint - leads to an ...
How do EU-15 Member States Benefit from the Cohesion Policy in
... 2 Impact of Cohesion Policy on the Czech economy According to the macroeconomic simulation applied in this evaluation, by the end of effective spending under the 2007-2013 programming period (i.e. in 2015), the GDP of the Czech Republic was higher by ca. 6% than it would have been under the no-suppo ...
... 2 Impact of Cohesion Policy on the Czech economy According to the macroeconomic simulation applied in this evaluation, by the end of effective spending under the 2007-2013 programming period (i.e. in 2015), the GDP of the Czech Republic was higher by ca. 6% than it would have been under the no-suppo ...
NBER WORKING PAPER SERIES George-Marios Angeletos Luigi Iovino
... we can consider a variant of our model with monopolistic labor markets as in Blanchard and Kiyotaki (1987), in which case τit could re-emerge as an island-specific markup between the wage and the marginal revenue product of labor. In line with much of the DSGE literature, we interpret 1 − τit more g ...
... we can consider a variant of our model with monopolistic labor markets as in Blanchard and Kiyotaki (1987), in which case τit could re-emerge as an island-specific markup between the wage and the marginal revenue product of labor. In line with much of the DSGE literature, we interpret 1 − τit more g ...
English - SciELO Colombia
... overcoming macroeconomic instability. This is true for both developed and emerging market countries. In the particular case of small open economies characterized by endowments of natural resources, such as oil, very often their economies are affected by shocks that result not only in the so called D ...
... overcoming macroeconomic instability. This is true for both developed and emerging market countries. In the particular case of small open economies characterized by endowments of natural resources, such as oil, very often their economies are affected by shocks that result not only in the so called D ...
A Mixed Industrial Structure Magnifies the Importance of Menu Costs∗
... the labour reallocation effect increases real GNP for a given employment level. Thus, the model provides a new explanation for demand driven procyclicality of productivity. The most closely related explanation is found in Basu (1995) where procyclical productivity arises in a menu costs model because ...
... the labour reallocation effect increases real GNP for a given employment level. Thus, the model provides a new explanation for demand driven procyclicality of productivity. The most closely related explanation is found in Basu (1995) where procyclical productivity arises in a menu costs model because ...
Neoliberal Political Economy and the Working Classes
... financialization, and facilitated assemblage of entrepreneurial subjects responsible for their own economic security. Public welfare was replaced by self-care and working classes were constrained to fund their private welfare through private debt, while calibrating their conduct with the demands of ...
... financialization, and facilitated assemblage of entrepreneurial subjects responsible for their own economic security. Public welfare was replaced by self-care and working classes were constrained to fund their private welfare through private debt, while calibrating their conduct with the demands of ...
Schmidt, Ingo_Luxemburg_Accumulation of
... rising wages could spur accumulation, it’s rather ‘that the surplus value cannot be realized by sale either to workers or to capitalists, but only if it is sold to such social organisations or strata whose own mode of production is not capitalistic.’14 In other words, a closed capitalist system is p ...
... rising wages could spur accumulation, it’s rather ‘that the surplus value cannot be realized by sale either to workers or to capitalists, but only if it is sold to such social organisations or strata whose own mode of production is not capitalistic.’14 In other words, a closed capitalist system is p ...
NBER WORKING PAPER SERIES OPTIMAL SIMPLE AND IMPLEMENTABLE MONETARY Stephanie Schmitt-Grohé
... of view, neither of these two assumptions is particularly compelling for economies like the United States, it is of interest to investigate the characteristics of optimal policy in their absence. Last but not least, more often than not studies of optimal policy in models with nominal rigidities are ...
... of view, neither of these two assumptions is particularly compelling for economies like the United States, it is of interest to investigate the characteristics of optimal policy in their absence. Last but not least, more often than not studies of optimal policy in models with nominal rigidities are ...
Individual Attitudes towards Immigrants: Welfare-State Determinants Across Countries Anna Maria Mayda
... contributing to the growing feeling of uncertainty that accompanies globalization.4 On the other hand, native workers welcome immigrants who complement them in the labor market. A second and not less important dimension of the debate is represented by the welfare state channel. In fact, the very exi ...
... contributing to the growing feeling of uncertainty that accompanies globalization.4 On the other hand, native workers welcome immigrants who complement them in the labor market. A second and not less important dimension of the debate is represented by the welfare state channel. In fact, the very exi ...
NBER WORKING PAPER SERIES OPTIMAL OPERATIONAL MONETARY POLICY IN THE CHRISTIANO-EICHENBAUM-EVANS MODEL
... steady state are unavailable. For these reasons, we refrain from making the efficient-steadystate assumption and instead work with a model whose steady state is distorted. Departing from a model whose steady state is Pareto efficient has a number of important ramifications. One is that to obtain a second ...
... steady state are unavailable. For these reasons, we refrain from making the efficient-steadystate assumption and instead work with a model whose steady state is distorted. Departing from a model whose steady state is Pareto efficient has a number of important ramifications. One is that to obtain a second ...
The political economy of migration policies in resource
... that migrants passively respects the rules set out in the chosen migration policy. Other studies address the welfare effects of migration from the perspective of the host country. Some focus on the effects on the returns to unskilled labor versus the returns to physical or human capital. Borjas (19 ...
... that migrants passively respects the rules set out in the chosen migration policy. Other studies address the welfare effects of migration from the perspective of the host country. Some focus on the effects on the returns to unskilled labor versus the returns to physical or human capital. Borjas (19 ...
COMPETITIVE EQUILIBRIUM AND SOCIETAL WELFARE 1.1
... amount of consumption of this numeraire commodity by the ith consumer as mi . So, basically what we do in a partial equilibrium approach is assume that there are two goods: a composite commodity (the numeraire mi ) whose price is set equal to 1, and the good of interest, xi1 with price p1 . 2.1. Com ...
... amount of consumption of this numeraire commodity by the ith consumer as mi . So, basically what we do in a partial equilibrium approach is assume that there are two goods: a composite commodity (the numeraire mi ) whose price is set equal to 1, and the good of interest, xi1 with price p1 . 2.1. Com ...
Global Politics, Capitalism, Socio-Ecological Crisis, and Resistance
... as to whether inter-imperialist rivalries between ‘core’ states might be subsequently replaced by a ‘holy alliance of imperialists’ through which the expansion of capitalism might be secured. Bukharin, like Lenin (who described Kautsky’s thesis as ‘ultra-nonsense’), dismissed the theory of ‘ultraimp ...
... as to whether inter-imperialist rivalries between ‘core’ states might be subsequently replaced by a ‘holy alliance of imperialists’ through which the expansion of capitalism might be secured. Bukharin, like Lenin (who described Kautsky’s thesis as ‘ultra-nonsense’), dismissed the theory of ‘ultraimp ...
NBER WORKING PAPER SERIES OPTIMAL SIMPLE AND IMPLEMENTABLE MONETARY AND FISCAL RULES
... of view, neither of these two assumptions is particularly compelling for economies like the United States, it is of interest to investigate the characteristics of optimal policy in their absence. Last but not least, more often than not studies of optimal policy in models with nominal rigidities are ...
... of view, neither of these two assumptions is particularly compelling for economies like the United States, it is of interest to investigate the characteristics of optimal policy in their absence. Last but not least, more often than not studies of optimal policy in models with nominal rigidities are ...
5 Labor Market Policies in Response to Structural Changes in Labor
... especially when un6hplOyment rates are high, focuses on training and job creation poficies. We shall do this to some degree, but the essence of our arguiiient is somewhat different. First, in the sumher of 1983, it is difficult to recommend a new round of employmebt h d training policies. The implic ...
... especially when un6hplOyment rates are high, focuses on training and job creation poficies. We shall do this to some degree, but the essence of our arguiiient is somewhat different. First, in the sumher of 1983, it is difficult to recommend a new round of employmebt h d training policies. The implic ...