Effects of External Debt on Domestic Resource Allocation in a Small Open Economy with Limited Access to the World Capital Market [PDF]
This paper studies a small open economy with a large external debt. It begins by considering the long-term effects of shocks in the international capital market and domestic fiscal policy on the amount of outstanding external debt and the domestic ...
Fujiki, Hiroshi, Watanabe, Kiyoshi
core
A “Tech First” Approach to Foreign Policy? The Three Meanings of Tech Diplomacy
Global Policy, EarlyView.ABSTRACT Scholars have recently argued that international politics is plagued by instability as the world rapidly transitions from one crisis to another. This state of “Permacrisis,” or permanent crises between states, is driven by technological innovations which create new kinds of crises and drive competitions between adversarial states.
Ilan Manor
wiley +1 more source
Great Appreciations: Accounting for the Real Exchange Rate in Mexico, 1988-2002 [PDF]
Between 1988 and 2002, the real exchange rate in Mexico appreciated by 45%. We account for this movement in relative prices using a two sector, dynamic general equilibrium model of a small open economy with tradable an non-tradable goods.
Carlos Urrutia, Felipe Meza
core
INTERNATIONAL TRADE AND UNEXPLAINED GENDER WAGE GAPS: EVIDENCE FOR AGRICULTURAL SECTOR IN BOLIVIA
Investigación & Desarrollo, 2017 The present investigation has the objective of showing evidence that there would be a reduction on wage differences between men and women in agriculture if they participate in international trade.
Oscar Jorge Molina Tejerina +1 more
doaj
Green Equals Green? The Divergent Policy Logics of Climate and Biodiversity Governance
Global Policy, EarlyView.ABSTRACT Market‐based instruments (MBIs) are increasingly promoted in international biodiversity and climate governance. This article argues that biodiversity policy has distinct dynamics and complexities that require approaches beyond economic instruments. By analyzing key concepts such as ecosystem services, biodiversity offsets, and MBIs, this study
Florian Zenglein
wiley +1 more source
Monetary Policy, Investor Sentiment and Stock Price Bubble: Evidence From China
Accounting &Finance, EarlyView.ABSTRACT The empirical results indicate that an increase in interest rates may stimulate a significant and persistent stock price bubble, which is consistent with rational asset price bubble theory. This finding suggests that central banks should implement anti‐turbulent monetary policy with caution, since inappropriate tightening may unintentionally ...
Jiahao Gong +3 more
wiley +1 more source
Evidence and implications of non-tradability of food staples in Tanzania 1983-1998 [PDF]
"Economic reform programs assume that major goods are tradable, such that depreciation of the real exchange rate raises the value of output compared to factor costs in domestic currency.
Delgado, Christopher +2 more
core
Private Land Ownership: Tax or Socialize?
The American Journal of Economics and Sociology, EarlyView.ABSTRACT This study compares the land reform concepts of Henry George and Silvio Gesell, both of whom rejected private appropriation of land rent as unjust. While George proposed to “hollow out” private land ownership through a comprehensive land value tax, Gesell aimed at full socialization of land combined with lease auctions and compensation of ...
Dirk Loehr
wiley +1 more source
A third sector in the core-periphery model: non-tradable goods [PDF]
We extend an analytically solvable core-periphery model by introducing a monopolistically competitive sector of non-tradable goods. We study how trade costs affect the spatial distribution of economic activity.
João Correia-da-Silva +2 more
core
Financial crisis, labor market frictions, and economic volatility. [PDF]
PLoS One, 2023 Lei W, Li Z, Mei D.
europepmc +1 more source