Redistributing Gains from Globalisation

Technology and Globalisation: Who Gains When Commodities Are De - Commodified?

Like many primary products, coffee has long been characterised as a commodity with falling terms of trade and volatile prices. Yet in recent years there has been growing product differentiation in final markets, with premium prices being earned and providing high and sustainable incomes. So far these product rents have been almost entirely appropriated by residents of high income economies. How...

Demographic Changes and the Gains from Globalisation: An Overlapping Generations CGE Analysis

This paper develops a multi-country overlapping-generations general equilibrium model to gauge the economic impacts of demographic changes in the global economy and its transmission effects on different countries. Although severe demographic pressures contribute to significantly lower real GDP per capita across several regions in the world, globalisation through international trade generates an...

Redistributing Light

Redistributing Income Under Fiscal Vertical Imbalance

From the literature on decentralization, it appears that the …scal vertical imbalance is somehow inherent to multi-level governments. Using a stylized model we show that this leads to a reduction in the extent of redistributive …scal policies if the maximal tolerable size of government has been reached. To test for this empirically we use some high quality data, from the LIS dataset, on individ...

Gains from Synchronization

This paper investigates the transmission mechanisms of noise and volatility between economies through trade links, and the e ects of synchronization on business cycles. We investigate the transmission of outside noise and the uctuations that the noise generates. We identify conditions under which international economic links reduce the economic output noise emanating from noise within the indiv...