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on Insurance Economics |
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Issue of 2015‒02‒05
three papers chosen by Soumitra K. Mallick Indian Institute of Social Welfare and Business Management |
| By: | OCDE |
| Abstract: | L’amélioration de la performance d’un pays dans l’enquête PISA n’est liée ni à sa situation géographique, ni à son niveau de richesse nationale, ni à sa culture. Dans la plupart des cas, les pays qui ont enregistré une amélioration marquée de leur performance dans l’enquête PISA – à savoir l’Allemagne, le Brésil, la Grèce, l’Italie, le Mexique, la Tunisie et la Turquie – sont ceux qui sont parvenus à réduire leur pourcentage d’élèves peu performants. Même au fil du temps, l’excellence et l’équité ne constituent pas deux objectifs incompatibles, comme en attestent les progrès observés en Allemagne, en Italie, au Mexique, en Tunisie et en Turquie. |
| Date: | 2015–01 |
| URL: | http://d.repec.org/n?u=RePEc:oec:edudde:47-fr&r=ias |
| By: | Nagamachi, Kohei |
| Abstract: | Resorting to the method proposed by Matsuyama (2013), this paper develops a static equi- librium model of a system of cities in which ex ante identical locations specialize in stages of production different in the degree of dependence on routine and nonroutine local services sec- tors, the latter of which is tied to an agglomeration force due to monopolistic competition a ́ la Dixit and Stiglitz (1977). The model is simple in that the system is summarized by a second-order differential equation, which has a unique non-degenerate city size distribution with the comove- ment of income, population, factor prices, and urban diversity as observed for the U.S. cities. Two examples of use of the model are then illustrated: analyses of welfare gain from functional specialization and optimal income redistribution, the latter of which provides an important impli- cation of an increasing importance of interactive activities in a modern developed economy for income redistribution. Although extending the model makes the model analytically intractable, it is still characterized by a differential equation easily solved with a numerical method and thus useful for further analyses. |
| Keywords: | functional specialization, system of cities, optimal income redistribution policy |
| JEL: | F12 R12 R13 |
| Date: | 2015–01–21 |
| URL: | http://d.repec.org/n?u=RePEc:pra:mprapa:61497&r=ias |
| By: | García-León, David |
| Abstract: | Some recent papers by Dell et al. (2009) and Dell et al. (2012) (DJO) relating weather and economic outcomes, have delivered meaningful messages with clear implications to the effects of a changing climate. In a nutshell, the authors claim that a 1°C increase in global average temperatures would harm both the level and growth capacities of relatively poor countries, leaving rich countries basically unaffected. In this study, we make use of a detailed weather and economic dataset covering the main regions of the five largest economies in the Euro area in an attempt to refute the previous affirmation. In particular, we find in our sample that global warming affects, although in a modest manner, all regions within well-developed countries in the long-term (level effect). As in DJO, the level effect in poor regions is exacerbated. The latter regions also suffer from a slight negative short-term effect (growth effect). We claim also that the larger short-time response of these regions to a climate shock is partially adapted in the long-run. |
| Keywords: | economic growth, weather, Ricardian analysis, developed economies, climate change, adaptation, NUTS |
| JEL: | O1 O4 Q51 Q54 Q59 R11 |
| Date: | 2015–01 |
| URL: | http://d.repec.org/n?u=RePEc:pra:mprapa:61529&r=ias |