Trade, Growth, and Economic Policy in Open Economies : Essays in Honour of Hans-Jürgen Vosgerau

Part 1 of this volume focusses on globalization. Gains from trade, international competitiveness, labour market issues in open economies, customs unions, dumping and intra-firm trade are the topics of this part. Part 2 puts a stronger emphasis on dynamic economics. Social income, intergenerational transfers, public pension systems, and bequest and gift motives in overlapping generation models are main topics. Economic policies are analyzed in Part 3, including the relation between wage rigidity and migration, several aspects of German financial and monetary policy, as well as tax competition. The volume concludes with institutional issues of globalization, a western view on eastern transition, social cost of rent seeking, and the evolution of social institutions. Front Matter....Pages i-xii Front Matter....Pages 1-1 Globalization and the Gains from Trade....Pages 3-12 International Competitiveness, Multinational Enterprise Technology Clubs and the Government Interface....Pages 13-30 Dual Labour Markets, Unemployment and Trade Gains/Losses in Developing Countries....Pages 31-46 Employment Policy and Real Wages....Pages 47-52 Sectoral Structure and Unemployment in Open Economies....Pages 53-63 Welfare Effects of Trade-Diverting Customs Unions: A Quantitative Approach....Pages 65-82 Dumping and Predatory Pricing in an International Duopoly....Pages 83-92 Intra-Firm Trade and Exchange Rate Risk....Pages 93-98 Front Matter....Pages 99-99 On the Evaluation of Social Income in a Dynamic Economy: Generalizations....Pages 101-110 Intergenerational Transfers, Economic Growth and Income Distribution....Pages 111-121 On the Pareto-Improving Abolition of Unfunded Public Pension Systems: An Application of Growth Theory....Pages 123-137 An Overlapping-Generations Model with Heterogeneous Bequest and Gift Motives....Pages 139-163 Front Matter....Pages 165-165 Resisting Migration: Wage Rigidity and Income Distribution....Pages 167-179 Effects of Monetary Policy in a Macroeconometric Disequilibrium Model for the West German Economy....Pages 181-192 The Impact of German Discount and Lombard Policy on Financial Markets....Pages 193-217 Bank Behaviour, an Options View of Rediscount Quotas, and the Theory of the Money Supply....Pages 219-247 Global Capital Movements, Exchange Rates and Monetary Policy....Pages 249-268 Tax Policy and the Location Decision of Firms....Pages 269-280 Equilibria in Tax Competition Models....Pages 281-311 Front Matter....Pages 313-313 Institutional Competition and Globalization....Pages 315-330 Front Matter....Pages 313-313 An Institutional Order for a Globalizing World Economy....Pages 331-349 Western Economic Theory and The Transition: The Public-Choice Perspective....Pages 351-367 The Social Cost of Rent Seeking When Victories are Potentially Transient and Losses Final....Pages 369-380 Social Institutions and Local Interaction Structure....Pages 381-396 Back Matter....Pages 397-399