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| Karp, Larry S.. |
| Recent papers use sector-specific factor models with mobile labor to show that imperfect property rights can be a source of comparative advantage. In these model, weaker property rights to the specific factor in a sector attract the mobile factor and increase the country's comparative advantage for that sector. If capital in addition to labor is mobile, and if the benefits of capital are non-excludable or if the degree of property rights is endogenous, a deterioration of property rights has ambiguous effects on comparative advantage. The presence of a second mobile factor also makes the relation between the equilibrium wage-rental ratio and the degree of property rights ambiguous. |
| Tipo: Working or Discussion Paper |
Palavras-chave: Imperfect property rights; Comparative advantage; General equilibrium.; Resource /Energy Economics and Policy; F02; F16; F18; D23. |
| Ano: 2003 |
URL: http://purl.umn.edu/25113 |
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| Santos, Carliton Vieira dos; Ferreira Filho, Joaquim Bento de Souza. |
| This paper analyses the potentials long run effects on the Brazilian economy of two policies in the field of the indirect taxes: a) the reduction of indirect taxes on food consumption by the households and; b) the reduction of indirect taxes on the main inputs used in the agricultural activity. The analysis is accomplished through two simulation exercises using a static inter-regional applied general equilibrium model. The benchmark year is 2001. The results of both simulations are found to be similar, except in terms of magnitude: the most intense effects are associated to the reduction the taxation on foods. Both simulations show expansion in the level of economic activity in the poorest regions of the country and reduction in the richest. They also show... |
| Tipo: Journal Article |
Palavras-chave: Tax policy; Indirect taxes; Foods; Agricultural activity; General equilibrium.; Agribusiness; R13; H20. |
| Ano: 2007 |
URL: http://purl.umn.edu/61923 |
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