scholarly journals Promoting Investment under International Capital Mobility: An Intertemporal General Equilibrium Analysis

1993 ◽  
Vol 95 (2) ◽  
pp. 133 ◽  
Author(s):  
A. Lans Bovenberg ◽  
Lawrence H. Goulder
Keyword(s):  
General Equilibrium ◽  
Capital Mobility ◽  
Equilibrium Analysis ◽  
International Capital ◽  
International Capital Mobility ◽  
General Equilibrium Analysis

Capital Mobility, Consumption Substitutability and the Effects of Monetary Policy in Open Economies

2005 ◽  
Vol 6 (1) ◽  
pp. 79-94 ◽  
Author(s):  
Christian Pierdzioch
Keyword(s):  
Monetary Policy ◽  
General Equilibrium ◽  
Open Economy ◽  
Capital Mobility ◽  
International Capital ◽  
International Capital Mobility ◽  
Short Run ◽  
Cross Country ◽  
Optimizing Model ◽  
The Impact

Abstract I use a dynamic general equilibrium two-country optimizing model to analyze the implications of international capital mobility for the short-run effects of monetary policy in an open economy. The model implies that the substitutability of goods produced in different countries plays a central role for the impact of changes in the degree of international capital mobility on the effects of monetary policy. Paralleling the results of the traditional Mundell-Fleming model, a higher degree of international capital mobility magnifies the short-run output effects of monetary policy only if the Marshall-Lerner condition, which is linked to the cross-country substitutability of goods, holds.

scholarly journals Economic Impact of Wildlife-Associated Recreation Expenditures in the Southeast United States: A General Equilibrium Analysis

2012 ◽  
Vol 44 (1) ◽  
pp. 63-82 ◽  
Author(s):  
Anwar Hussain ◽  
Ian A. Munn ◽  
David W. Holland ◽  
James B. Armstrong ◽  
Stan R. Spurlock
Keyword(s):  
United States ◽  
General Equilibrium ◽  
Economic Impact ◽  
Capital Mobility ◽  
Regional Economy ◽  
Value Added ◽  
Equilibrium Analysis ◽  
Southeast United States ◽  
General Equilibrium Analysis ◽  
Regional Factor

The economic impact of wildlife-associated recreation in the Southeast United States was evaluated using a general equilibrium model. Exogenous demand shocks to the regional economy were based on estimates of expenditures by wildlife recreationists on hunting, fishing, and wildlife watching activities. Counterfactual simulations were carried out, making alternative assumptions about labor and capital mobility and their supply. Without wildlife-associated recreation expenditures, regional employment would have been smaller by up to 783 thousand jobs, and value added would have been $22 to $48 billion less. These findings underscore the significance of regional factor market conditions in economic impact and general equilibrium analysis.

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