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A VAR model for the monetary sector of the Cyprus economy
(University of CyprusCentral Bank of Cyprus, 1997)
Why free trade may hurt developing countries
(1997)
This paper builds a general equilibrium trade model where a country produces two traded goods and one nontraded public consumption good. The government finances the provision of the public good by taxing the incomes of ...
The optimal tariff for public good and public input provision
(1997)
It is well known that when tariff revenue is distributed to consumers as a lump sum, the optimum policy for a small country is free trade because a tariff reduces its welfare. Many less-developed countries, however, use ...
Comparison of alternative tax and transfer treatment of children using adult equivalence scales
(1997)
This paper estimates adult equivalence scales in the context of a nonlinear demand system using cross-section individual household data. It then evaluates the treatment of children under the tax allowance and child benefit ...
Variable labour supply, taxes, employment and welfare under various rules of international taxation of capital
(1997)
This paper develops a general equilibrium trade model to examine for a small capital-importing and a small capital-exporting country the employment and welfare effects of capital and wage taxes. The supply of capital is ...
Real exchange rate effects of fiscal expansion under trade restrictions
(1997)
We develop a small open-economy trade model where either a tariff, or a quota, or a voluntary export restraint (VER) exists, and where one exported, one imported, one non-traded, and one public good are produced. Within ...