International Income Transfers under Technological Uncertainty
AbstractThis paper examines the effects of international income transfers in the presence of technological uncertainty and shows the following results. First, a transfer paradox can occur only if the rates of return from assets are not equalized between the donor and the recipient. Second, the more risk-averse consumers are in both countries, the more likely a transfer paradox is to occur.
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Bibliographic InfoPaper provided by Graduate School of Economics, Hitotsubashi University in its series Discussion Papers with number 2001-01.
Length: 20 p.
Date of creation: Jan 2001
Date of revision:
Transfer; Uncertainty; Attitude toward risk;
Find related papers by JEL classification:
- F10 - International Economics - - Trade - - - General
- D80 - Microeconomics - - Information, Knowledge, and Uncertainty - - - General
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