Hicksian Income from Resource Extraction in an Open Economy

1997 ◽  
Vol 73 (4) ◽  
pp. 516 ◽  
Author(s):  
Kjell Arne Brekke
Keyword(s):  
Open Economy ◽  
Resource Extraction ◽  
Hicksian Income

Optimal savings and exhaustible resource extraction in an open economy

1978 ◽  
Vol 19 (1) ◽  
pp. 163-179 ◽  
Author(s):  
Jostein Aarrestad
Keyword(s):  
Open Economy ◽  
Resource Extraction ◽  
Exhaustible Resource

Resource Extraction, Financial Transactions and Consumption in an Open Economy

1979 ◽  
Vol 81 (4) ◽  
pp. 552 ◽  
Author(s):  
Jostein Aarrestad
Keyword(s):  
Open Economy ◽  
Resource Extraction ◽  
Financial Transactions

Growth, resource extraction and production in a small open economy

1990 ◽  
Vol 18 (4) ◽  
pp. 22-31
Author(s):  
A. Aydin Cecen
Keyword(s):  
Open Economy ◽  
Small Open Economy ◽  
Resource Extraction

SHOULD THE PRIVATE SECTOR PROVIDE PUBLIC CAPITAL?

2007 ◽  
Vol 11 (3) ◽  
pp. 318-346
Author(s):  
SANTANU CHATTERJEE
Keyword(s):  
Open Economy ◽  
Public Capital ◽  
Borrowing Constraints ◽  
International Capital ◽  
Standard Assumption ◽  
Production Externalities ◽  
International Capital Markets ◽  
Private Provision ◽  
Large Production ◽  
Government Provision

The choice between private and government provision of a productive public good like infrastructure (public capital) is examined in the context of an endogenously growing open economy. The accumulation of public capital need not require government provision, in contrast to the standard assumption in the literature. Even with an efficient government, the relative costs and benefits of government and private provision depend crucially on the economy's underlying structural conditions and borrowing constraints in international capital markets. Countries with limited substitution possibilities and large production externalities may benefit from governments encouraging private provision of public capital through targeted investment subsidies. By contrast, countries with flexible substitution possibilities and relatively smaller externalities may benefit either from governments directly providing public capital or from regulation of private providers. The transitional dynamics also are shown to depend on the underlying elasticity of substitution and the size of the production externality.

The long-run stability of a small, open economy under crawling peg regime

2002 ◽  
Vol 52 (1) ◽  
pp. 57-78
Author(s):  
S. Çiftçioğlu
Keyword(s):  
Exchange Rate ◽  
Open Economy ◽  
Risk Premium ◽  
Small Open Economy ◽  
Exchange Rate Policy ◽  
Price Stability ◽  
Output Stability ◽  
Long Run ◽  
The Exchange Rate ◽  
The Impact

The paper analyses the long-run (steady-state) output and price stability of a small, open economy which adopts a “crawling-peg” type of exchange-rate regime in the presence of various kinds of random shocks. Analytical and simulation results suggest that with the exception of money demand shocks, an exchange rate policy which involves a relatively higher rate of indexation of the exchange rate to price level is likely to lead to the worsening of price stability for all types of shocks. On the other hand, the impact of adopting such a policy on output stability depends on the type of the shock; for policy shocks to the exchange rate and shocks to output demand, output stability is worsened whereas for the shocks to risk premium of domestic assets, supply price of domestic output and the wage rate, better output stability is achieved in the long run.

Foreign Prices Shocks in a Small Open Economy

2007 ◽  
Author(s):  
Marias Halldor Gestsson
Keyword(s):  
Open Economy ◽  
Small Open Economy
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