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排序方式: 共有155条查询结果,搜索用时 15 毫秒
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Murray C. Kemp 《The Japanese Economic Review》2003,54(4):353-360
It is possible that wealthy trading countries nevertheless have no autarkic equilibria. However, if a country has no autarkic equilibrium, the offer curve of that country may consist of disjoint segments, which implies that a worldwide trading equilibrium does not always exist, that international exchanges do not always take place in equilibrium, and therefore that econometric estimates of the structure of open economies must be viewed with scepticism. In the present paper, I provide conditions that are necessary and sufficient for the existence of a worldwide free-trade equilibrium and for the existence of gains from free trade for individual countries. 相似文献
3.
This paper presents a dynamic general equilibrium model of multi‐country, two‐good and two‐factor, in which both long‐run growth and international trade patterns are examined. In each country, government expenditure on a public intermediate good plays a crucial role in the realization of persistent growth. It is shown that the long‐run pattern of international trade is determined in a Heckscher‐Ohlin manner. 相似文献
4.
Between Neoliberal Governance and the Right to the City: Participatory politics in Berlin and Tel Aviv 下载免费PDF全文
Adriana Kemp Henrik Lebuhn Galia Rattner 《International journal of urban and regional research》2015,39(4):704-725
Based on a comparison of Berlin and Tel Aviv, this article investigates the ways in which ensembles of participatory instruments mediate between neoliberal urban regimes and political agency shaping differentially the meaning of participation and the types of claims that can be advanced. The article gives an overview of the recent history of both cities through the lens of participatory politics. Two in‐depth case studies further examine the relationship between participatory politics and claim making in each setting: the recent conflict over a social center in the district of Friedrichshain‐Kreuzberg in Berlin and the Levinsky tent city of 2011 in Tel Aviv. In the concluding section, the article suggests that, rather than assuming that participatory tools either co‐opt movements or can be appropriated by them, we need to rethink the relationship between participatory tools, rights and recognition, and ask how participatory structures and political agency constitute each other in interwoven dynamics. 相似文献
5.
Niloufar Abourashchi Iain Clacher David Hillier Malcolm Kemp Qi Zhang 《European Journal of Finance》2016,22(13):1292-1319
We develop and test a new approach to assess defined benefit (DB) pension plan solvency risk in the presence of extreme market movements. Our method captures both the ‘fat-tailed’ nature of asset returns and their correlation with discount rate changes. We show that the standard assumption of constant discount rates leads to dramatic underestimation of future projections of pension plan solvency risk. Failing to incorporate leptokurtosis into asset returns also leads to downward biased estimates of risk, but this is less pronounced than the time-varying discount rate effect. Further modifying the model to capture the correlation between asset returns and the discount rate provides additional improvements in the projection of future pension plan solvency. This reduces the perceived future risk of underfunding because of the negative correlation between interest rate changes and asset returns. These results have important implications for those with responsibility for balancing risk against expected return when seeking to improve the current poor funding positions of DB pension schemes. 相似文献
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Johannes Hermanus Kemp 《The South African journal of economics. Suid-afrikaanse tydskrif vir ekonomie》2019,87(4):417-449
A key tax policy parameter that has received much attention in the international literature, but about which there is substantial uncertainty, is the overall elasticity of taxable income. The size of this parameter is central to the formulation of tax and transfer policy, as well as for the study of the welfare implications of tax decisions. This paper uses a panel of individual tax returns for the period 2009–2013 and the phenomenon of “bracket creep” to construct instrumental variable estimates of the sensitivity of income to changes in tax rates. Estimates suggest that the overall elasticity of taxable income is approximately 0.3, while that of broad income is significantly lower. The overall response is primarily driven by the elastic response of taxable income for high‐income earners, who have an elasticity of closer to 0.4. Using the elasticity estimates within an optimal tax framework, it is determined that the optimal marginal tax rate for the top 10% of income earners is broadly in line with the current income tax schedule. However, results also suggest that there is little scope for raising marginal rates on high‐income earners further without inducing a negative revenue response. 相似文献
8.
Winston W. Chang Wilfred J. Ethier Murray C. Kemp 《Journal of International Economics》1980,10(3):377-394
This paper analyzes the implications of joint production for the four basic results of the factor-endowments theory of international trade. The nature of the relationship between commodity prices and factor rewards is first elucidated in detail. It is then shown that, in sharp contrast to prevalent opinion, there is in fact a strong presumption that the basic theorems will continue to hold in essence. The paper then considers applications and extensions of the analysis to higher dimensions. 相似文献
9.
It is shown that the rental of the ith primary factor in terms of the jth product is a convex function of the relative price of the jth commodity if and only if the weighted elasticity of factor substitution is greater in whichever industry employs the ith factor relatively intensively the weights being the shares of the ith factor in the total costs of the two industries. 相似文献
10.
Gillian Kemp 《International Journal of Consumer Studies》2010,34(3):326-332
Since its conception in 1945, the UK National Health Service (NHS) has been the focus of extensive political rhetoric regarding the involvement of patients and the public in the provision of health‐care services both locally and nationally. However, achieving substantial user involvement within local communities has proven to be a complex task. The exploratory research presented in this paper investigates the influence of social networks within local communities and its relevance for user involvement. Four main findings emerged: interviewees have strong informal social networks; there is a strong sense of generalized reciprocity; diversity is limited within the social groupings; and there exists a lack of trust in governmental institutions. With regards to health issues, there is an overriding feeling that ‘things like that should be left to the people who know’. If user involvement is to be achieved at the level envisioned by the UK government, achieving a greater relevance for users is essential. 相似文献