Browsing by Subject "modelling approach"
Now showing items 1-3 of 3
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Foreign aid and public goods
(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 ...
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The impact of employment tax cuts on unemployment and wages
(1998)I model and simulate the effects of employment tax cuts on unemployment and wages in four equilibrium models: competitive, union bargaining, search and efficiency wages. I find that if the ratio of unemployment compensation ...
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Unemployment, consumption and growth
(1993)Using a standard overlapping generations framework modified to incorporate matching frictions in the labour market and a technology capable of yielding unbounded endogenous growth, we show that the cross-country bivariate ...