Globalization and the Welfare State in Western Europe
... The other countries supplying parts and components need not be developing countries. While much of the research on the H-O model presumed a comparative advantage in manufacturing would result from a surplus of cheap labor, a comparative advantage can come from a variety of sources. Countries can ha ...
... The other countries supplying parts and components need not be developing countries. While much of the research on the H-O model presumed a comparative advantage in manufacturing would result from a surplus of cheap labor, a comparative advantage can come from a variety of sources. Countries can ha ...
Conflictive gambles
... expected-utility-equivalent risky gambles, but relative valuation favoured conflictive over ambiguous gambles. This latter finding conflicts with Smithson (1999) and Cabantous (2007) and is difficult to explain. Response mode (forced choice versus direct comparison versus rating or pricing) has been ...
... expected-utility-equivalent risky gambles, but relative valuation favoured conflictive over ambiguous gambles. This latter finding conflicts with Smithson (1999) and Cabantous (2007) and is difficult to explain. Response mode (forced choice versus direct comparison versus rating or pricing) has been ...
ESSAYS ON ENDOGENOUS TIME PREFERENCE AND
... economy admits a representative household (chapter 2) and study the implications of the endogenous time preference on equilibrium dynamics. Then we analyze how the results under representative agent framework would change, if we consider the con‡icting interests of the agents (chapter 3 and 4). Impe ...
... economy admits a representative household (chapter 2) and study the implications of the endogenous time preference on equilibrium dynamics. Then we analyze how the results under representative agent framework would change, if we consider the con‡icting interests of the agents (chapter 3 and 4). Impe ...
Part 3 FDIs
... investing in a foreign country, the potential benefits must be weighed against the costs and risks. As conditions change over time, some countries may become more attractive targets for DFI, while other countries become less attractive. Benefits of International Diversification The key to internatio ...
... investing in a foreign country, the potential benefits must be weighed against the costs and risks. As conditions change over time, some countries may become more attractive targets for DFI, while other countries become less attractive. Benefits of International Diversification The key to internatio ...
Housing Demand, Savings Gluts and Current Account Dynamics
... glut in a two-country OLG model with pay-as-you-go pension systems. Fogli and Perri (2006) show that reductions in aggregate volatility caused by the “Great Moderation” could have reduced precautionary savings in the U.S. more than in other countries and caused a current account de…cit. Jacob and Pe ...
... glut in a two-country OLG model with pay-as-you-go pension systems. Fogli and Perri (2006) show that reductions in aggregate volatility caused by the “Great Moderation” could have reduced precautionary savings in the U.S. more than in other countries and caused a current account de…cit. Jacob and Pe ...
Export Differentiation in Transition Economies
... share of differentiated goods in their exports, some have increased the share of homogeneous goods and reference priced goods. Larger economies tend to increase the share of their exports in homogeneous goods, while more developed ones tend to increase the share of differentiated goods. This is indic ...
... share of differentiated goods in their exports, some have increased the share of homogeneous goods and reference priced goods. Larger economies tend to increase the share of their exports in homogeneous goods, while more developed ones tend to increase the share of differentiated goods. This is indic ...
