| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP6688 |
| DP6688 How Interethnic Marriages Affect the Educational Attainment of Children; Evidence from a Natural Experiment | |
| Jan C. van Ours; Justus Veenman | |
| 发表日期 | 2008-02-07 |
| 出版年 | 2008 |
| 语种 | 英语 |
| 摘要 | We develop a five-region version (Canada, a group of oil exporting countries, the United States, emerging Asia and Japan plus the euro area) of the Global Economy Model (GEM) encompassing production and trade of crude oil, and use it to study the international transmission mechanism of shocks that drive oil prices. In the presence of real adjustment costs that reduce the short- and medium-term responses of oil supply and demand, our simulations can account for large endogenous variations of oil prices with large effects on the terms of trade of oil-exporting versus oil-importing countries (in particular, emerging Asia), and result in significant wealth transfers between regions. This is especially true when we consider a sustained increase in productivity growth or a shift in production technology towards more capital- (and hence oil-) intensive goods in regions such as emerging Asia. In addition, we study the implications of higher taxes on gasoline that are used to reduce taxes on labour income, showing that such a policy could increase world productive capacity while being consistent with a reduction in oil consumption. |
| 主题 | International Macroeconomics |
| 关键词 | Dsge models Oil prices World economy |
| URL | https://cepr.org/publications/dp6688 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/535525 |
| 推荐引用方式 GB/T 7714 | Jan C. van Ours,Justus Veenman. DP6688 How Interethnic Marriages Affect the Educational Attainment of Children; Evidence from a Natural Experiment. 2008. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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