a r t i c l e i n f o JEL classification: D58 Q48 Q54 Keywords: Emission trading Climate mitigation policy CGE model Technological assumptions This study quantified the effectiveness of emission trading by considering multiple technological constraints, burden sharing schemes, and climate stabilization targets. We used a global computable general equilibrium model, and evaluated the effectivene...

The increasing diversity of average growth rates and income levels across countries has generated a large literature on testing the income convergence hypothesis. Most countries in South-East Asia, particularly the five founding ASEAN member countries (ASEAN-5), have experienced substantial economic growth, with the pace of growth having varied substantially across countries. Recent empirical s...

This paper uses a model of growth and imperfect capital mobility across multiple economies to characterize the dynamics of (cross-country) income distributions. This allows convenient study of the convergence hypothesis, and reveals, where appropriate, polarization and clumping within subgroups. The data show little cross-country convergence; instead, the important features are persistence, imm...

The increasing diversity of average growth rates and income levels across countries has generated a large literature on testing the income convergence hypothesis. Most countries in South-East Asia, particularly the five founding ASEAN member countries (ASEAN-5), have experienced substantial economic growth, with the pace of growth having varied substantially across countries. Recent empirical s...

This paper presents a coordinated approach for increasing the end-to-end availability of inter-domain paths. Major reasons for intermittent failures are frequent inter-domain route changes and their long convergence times. The first part of our solution reduces the need for inter-domain path changes by introducing the Resilient Chain. The two other mechanisms — Fast Scoped Rerouting and Virtual...