• 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  

      The welfare and employment effects of trade and factor taxes with variable factor supply 

      Michael, Michael S. (1994)
      This paper develops a general trade model with many traded goods, many internationally mobile factors, and with endogenous labor supply. Within this framework, the employment and welfare effects of taxes on trade, on wages ...