EUWAB-Project (European Union Welfare effects of Agricultural Biotechnology), Project VIB/TA-OP/98-07: “Microand Macro-economic Analysis of the Economic Benefits and Costs of Biotechnology Applications in EU Agriculture Calculation of the Effects on Producers, Consumers and Governments and Development of a Simulation Model”. This paper (pdf) can be downloaded following the link: http://www.agr....

The immediate effects of the Asian crisis on the well-being of Indonesians are examined using the Indonesia Family Life Survey, an on-going longitudinal household survey. There is tremendous diversity in the effect of the shock: for some households, it was devastating; for others it brought new opportunities. A wide array of mechanisms were adopted in response to the crisis. Households combined...

A framework for the optimal taxation of cigarettes based on economic efficiency is provided here. Fundamentally different views of smoking in the context of addictive behavior result in markedly different estimates of the efficient cigarette tax rate. Based on the rational addiction model, more than half of the states may have increased their cigarette excise tax rates to levels beyond the econ...

This paper examines the influences on voting by members of the House of Representatives on the Carter Administration’s welfare reform legislation. The analysis finds some support for the hypothesis that voting by national legislators responded to the potential mobility of welfare recipients from low to high benefit states. Defining the public interest as promoting economic growth and the specia...

EUWAB-Project (European Union Welfare effects of Agricultural Biotechnology), Project VIB/TA-OP/98-07: “Microand Macro-economic Analysis of the Economic Benefits and Costs of Biotechnology Applications in EU Agriculture Calculation of the Effects on Producers, Consumers and Governments and Development of a Simulation Model”. This paper (pdf) can be downloaded following the link: http://www.agr....

D evelopment of social and economic infrastructure in every region is of the basic requirements of economic growth. Infrastructure stimulates economic activity, enhance the productivity of private sector’s inputs, improve economic performance and thus sustainable economic development, enhancing the social welfare and better income distribution. Since the different kind of infrastruct...

I. Overview and Statement of Findings The 1990s was an extraordinary decade in terms of the number and cultural diversity of migrants who arrived to live in the United States. We are only beginning to appreciate the long-term implications of decisions and actions taken by individual migrants and American institutions during this period of strong economic growth. The influence of international m...

The purpose of this paper is to discuss the choice between an exchange rate target and an inflation target for Norway. The paper also contains a brief discussion of the objectives of monetary policy and of an optimal delegation of monetary policy in a representative democracy, which serves to place this choice in a broader context. 1 Monetary policy goals Let me start from the presumption that ...

What are the economic effects of an interest rate cut when an economy is in the midst of a financial crisis? Under what conditions will a cut stimulate output and employment, and raise welfare? Under what conditions will a cut have the opposite effects? We answer these questions in a general class of open economy models, where a financial crisis is modelled as a time when collateral constraints...