We discuss some phenomenological issues of the effective quarklepton operators emerging from the bilinear lepton-Higgs couplings in the superpotential and in the soft supersymmetry (SUSY) breaking sector of the supersymmetric models without R-parity. The contribution of these operators to the neutrinoless double beta decay (0νββ) is derived. The corresponding nuclear matrix elements are calcula...

This paper focuses on the macro-economic impacts of changes in health provision via its effects on the labour market. The resource allocation issues have been explored in theory, by further developing the Rybczynski theorem and empirically, using a Computable General Equilibrium model for the UK. From the theory, changes in non-health outputs are shown to depend on socalled factor-bias and scal...

Focusing on the global trading relationship aggregated at the level of 15 regions and 10 sectors, we investigate in this paper the welfare effects of preferential trade liberalisation in South Asia from several simulation perspectives. The static version of the Global Trade Analysis Project (GTAP) model shows that countries that are initially more protected (such as India) are likely to capture...

Drawing on the stylized facts and evidences, in a computable general equilibrium (CGE) model, this paper examines the impact on TFP of North–South, North–North trade-related triangular R&D spillovers. By constructing different technology appropriation parameters based on embodied and disembodied R&D, absorption and learning effects, it shows: (i) North–South R&D flows have a positive impact on ...

We develop methods to compute equilibria in dynamic models with incomplete asset markets and heterogeneous agents. Using spline interpolation methods we approximate recursive trading policies of the agents and the equilibrium pricing functions. We explore various methods for determining the coe$cients of these approximations, including time iteration methods and acceleration techniques. Explori...

This paper investigates the implications of U.S. withdrawal on environmental effectiveness, economic efficiency, and the distribution of compliance costs taking into account market power of the Former Soviet Union (FSU) on emission permit markets. While exercise of market power on behalf of FSU under U.S. compliance has no environmental impact as compared to competitive permit trade, it prevent...

In this study, a multisectoral neo-classical type price driven CGE model, with the additional feature that it includes a mechanism by which public education expenditure to build human capital augments the supply of educated/skilled labour, is used to analyse the impact of an increase in the former, financed by an increase in direct tax rates, on economic growth and income distribution in the In...

This paper explores a theory of business cycles in which recessions and booms arise due to difficulties encountered by agents in properly forecasting the economy’s future needs in terms of capital. The idea has a long history in the macroeconomic literature, as reflected by the work of Pigou (Industrial Fluctuation, MacMillan, London, 1926). The contribution of this paper is twofold. First, we ...