Showing 1 - 10 of 363
We examine long-run treaties for mitigating climate change. Countries pay an initial fee into a global fund that is invested in long-run assets. In each period, part of the fund is distributed among the participating countries in relation to the emission reductions they have achieved in this...
Persistent link: https://www.econbiz.de/10012958888
I define “generous sustainability” as a combination of two conditions: neither instantaneous maximin income nor … compared to existing sustainability concepts. As a rule of thumb, generosity requires that GHG emissions are limited to levels …
Persistent link: https://www.econbiz.de/10013040484
In last few decades, Asian production networks have contributed significantly toward the rapid trade expansion and economic growth in East Asia. Developed Asia produces technology-intensive intermediate goods and capital goods and ships them to the People Republic of China (PRC) and ASEAN for...
Persistent link: https://www.econbiz.de/10013101411
revolution and the sustainability of empire come to depend on the capacity of the rebel colony to access international markets …
Persistent link: https://www.econbiz.de/10013104259
We use a 3-step analysis to assess the sustainability of public finances in the EU27. Firstly, we perform the SURADF … sustainability is an issue in most countries, with a below unit estimated coefficient of expenditure in the cointegration relation …
Persistent link: https://www.econbiz.de/10012770443
This paper analyzes the impact of aging on capital accumulation and welfare in a country with a sizable unfunded social security system. Using a two-period overlapping generation model with potentially endogenous retirement decisions, the paper shows that the type of aging, i.e. declining...
Persistent link: https://www.econbiz.de/10013009863
In this paper we analyze the sustainability of public finances in the states (Laender) of the Federal Republic of … and 1991 to 2011 for East German Laender, respectively. In order to assess the fiscal sustainability of the (Laender) we … strict fiscal sustainability in most of the 16 German Laender. A notable exception to this finding is Bavaria …
Persistent link: https://www.econbiz.de/10013047345
We offer a new methodology for the assessment of public debt sustainability in a stochastic economy when sovereign … recovery rule. We distinguish sustainability and unsustainability conditions, related to alternative scenarios on the future … default occurs, the sustainability of the post-default debt is ensured when the haircut is sufficiently large. Lastly we …
Persistent link: https://www.econbiz.de/10012950605
This paper analyzes the impact of demographic aging on capital accumulation and welfare in economies with unfunded pensions. Using a two-period overlapping generation model with potentially endogenous retirement decisions, it shows that both the type of aging, i.e. declining fertility or...
Persistent link: https://www.econbiz.de/10012986115
We discuss the sustainability of Chinese high growth relative to growth experience elsewhere, and specifically Soviet … sustainability of high Chinese growth …
Persistent link: https://www.econbiz.de/10013110413