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Trade Openness and Innovation Performance in the EU: An Analysis of Cluster Dynamics

Economies
In the modern globalized context, innovation represents a key driver of economic growth, while international trade plays an important role in fostering it.
Erika Loučanová, Miriam Olšiaková, Hubert Paluš   +2 more
doaj   +1 more source

Taxing Land Rent in an Open Economy [PDF]

This paper analyzes the effects of a land rent tax on capital formation and foreign investment in a life-cycle small open economy with endogenous labor-leisure choices.
Alberto Petrucci
core  

Open Economy Schumpeterian Growth [PDF]

This paper examines the Aghion and Howitt [1992] “creative destruction” endogenous growth model in an open economy setting. We consider four alternative trade regimes. The first two regimes allow the monopoly producer of the intermediate good to attain
Kaori Kobayashi, Raul Barreto
core  

The Idea of the Law Review: Scholarship, Prestige, and Open Access [PDF]

, 2006
This essay was written as part of a Symposium on open access publishing for legal scholarship. It makes the claim that open access publishing models will succeed, or not, to the extent that they account for the existing economy of prestige that drives ...
Madison, Michael J
core  

Tony Thirlwall (21 April 1941 – 8 November 2023)

PSL Quarterly Review
The departure of Tony Thirlwall, a pioneer, renowned scholar, and a generous mentor, is a major loss to economics. This article reviews his main contributions to economics.
Esteban Pérez Caldentey, Juan Carlos Moreno-Brid   +1 more
doaj   +1 more source

A comparison of menu-costs in open and closed economies with a mixed industrial structure [PDF]

In this paper we develop Dixon and Hansen (1997) to allow for two-sector small open economy in which the non-traded sector is monopolistic. The closed economy version of the model generalises Dixon/Hansen to allow for diminishing returns on the traded ...
Alberto Pompermaier, Huw Dixon
core  

Measuring Monetary Policy in Open Economies [PDF]

The paper extends Bernanke and Mihov’s (1998) closed-economy strategy for identification of monetary policy shocks to open-economy settings, accounting for the simultaneity between interest-rate and exchange-rate innovations.
Diego, Cerdeiro
core   +1 more source

An application of New Keynesian models to inflation in Croatia

Business Systems Research, 2012
Background: The inflation dynamics of Croatia is studied in the paper, with the review of applicable marginal cost proxies for the hybrid New Keynesian Phillips Curve (NKPC), and estimation of three specifications of the hybrid NKPC for Croatia ...
Alan Domic
doaj  

Anticipated Ramsey Reforms and the Uniform Taxation Principle: the Role of International Financial Markets [PDF]

This paper studies the role of asset-market completeness for the properties of optimal policy. A suitable framework for this purpose is the small open economy with complete international asset markets.
Martin Uribe, Stephanie Schmitt-Grohe
core  

Welfare Cost of Model Uncertainty in a Small Open Economy. [PDF]

Entropy (Basel), 2020
Tapia Stefanoni J.
europepmc   +1 more source