Please use this identifier to cite or link to this item:
|Title:||The transfer paradox in a one-sector overlapping generations model|
|Authors:||Cremers, E.T. |
|Citation:||Cremers, E.T., Sen, P. (2008). The transfer paradox in a one-sector overlapping generations model. Journal of Economic Dynamics and Control 32 (6) : 1995-2012. ScholarBank@NUS Repository. https://doi.org/10.1016/j.jedc.2007.06.017|
|Abstract:||This paper examines the effects of international income transfers on capital accumulation and welfare in a one-sector overlapping generations model. It is shown that a strong form of the transfer paradox - in which the donor country experiences a welfare gain while the recipient country experiences a welfare loss - may occur both in and out of steady state. In addition, it is shown that a weak form of the transfer paradox - where either the donor or recipient (but not both) experiences a paradoxical welfare effect - may characterize all segments of the transition path not already characterized by the strong transfer paradox. © 2007 Elsevier B.V. All rights reserved.|
|Source Title:||Journal of Economic Dynamics and Control|
|Appears in Collections:||Staff Publications|
Show full item record
Files in This Item:
There are no files associated with this item.
checked on May 23, 2018
WEB OF SCIENCETM
checked on May 8, 2018
checked on May 12, 2018
Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.