401 research outputs found
The Harrod-Balassa-Samuelson Effect: A Survey of Empirical Evidence
Get PDFThe paper surveys empirical evidence on the Harrod-Balassa-Samuelson effect. The survey encompasses the published empirical work on the phenomenon since its (re)discovery in 1964. In total, 58 empirical papers are examined within a specialized analytical framework. The body of empirical evidence is synthesized through four major elements. The analysis starts with the ongoing controversy related to the name of the theory. This is followed by a presentation of the evolution of the theoretical and econometric model. It ends with an analysis of the results of the surveyed empirical studies. Results of the survey indicate that growing body of evidence definitely points towards professional rethinking about the significance of the Harrod-Balassa-Samuelson effect.Harrod Balassa Samuelson effect, real exchange rate, purchasing power parity, productivity
Reducing Greenhouse Gas Emissions via Industry Shifts and Regional Shares: An Interregional Dorfman-Samuelson-Solow Leontief Systems of China
No full textChina has promised to reduce nation’s carbon dioxide emissions in 2020 by at least 40% of its 2005 levels. This paper proposes that interregional industrial shifts might enable China to meet this goal. A Dorfman-Samuelson-Solow model is presented by using an environmental multiregional input-output table of China in a linear programming format and at given national carbon targets, with aim of maximizing national GDP, under constrains for both demand-supply balance and energy-use change within practical limits. In each province, excluding the energy preserved in the secondary energy, final consumption of 39 manufacturing commodities accounted by bottom-up and top-down methods, final consumption of other sectors, energy transition and loss are calculated by converting 20 energy types into carbon emissions. The model suggests that moving the energy and heavy industries out of China’s North Coast would help considerably, GDP losses could be counteracted by raising the output of high-tech industries in the South Coast and of selected services across most of China’s regions. Moreover, adjusting the energy mix toward cleaner resources would alleviate some pressure to reduce carbon emissions of heavy industry throughout China and of the energy industry in Central China
On the sensitivity of Von Neuman and Morgenstern abstract stable sets : the stable and the individual stable bargaining set
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Immiserizing Growth As Seen By Bhagwati, Samuelson, And Others
No full textImmiserizing growth is a long-term phenomenon that occurs when the gain in a country\u27s social welfare arising from economic growth is more than offset by the loss in such welfare associated with an adverse shift in the terms of trade. In one case explored many years ago by Jagdish Bhagwati, immiserizing growth occurs in a developing nation that has started economic growth but faces unfavorable international demand conditions as it increases its traditional exports. In another case explored recently by Paul A. Samuelson, immiserizing growth occurs for the growing industrialized country when its trade partner follows a policy of import substituting growth and, as a result, shifts the terms of trade against the exporting country. Still others have specified a variety of different cases of immiserizing growth. The author provides a simple graphical method to analyze these situations and then presents data showing that immiserizing growth is a relatively rare phenomenon
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