• Article  

      Foreign aid and public goods 

      Hatzipanayotou, Panos; Michael, Michael S. (1995)
      Most less-developed countries (LDCs) use foreign economic aid to finance public consumption goods, or public intermediate inputs. This paper constructs a two-country general equilibrium trade model, where an income transfer ...
    • Article  

      Trade and domestic tax reforms in the presence of a public good and different neutrality conditions 

      Hatzipanayotou, Panos; Lahiri, Sajal; Michael, Michael S. (2011)
      This paper develops a perfectly competitive general-equilibrium model of a small open economy with production of private traded goods and of a public good which is financed by revenues from trade and domestic taxes. Within ...