Measuring Households' Vulnerability to Idiosyncratic and Covariate Shocks – the case of Bangladesh
AbstractThis paper examines multinational public goods provision under multilateral income transfers and productivity differences across countries. We assume the existence of a planner who uses linear approximation for utility maximization for all countries. The main findings are: (i) A country is an income receiver if it has an advantage in producing public goods; (ii) the planner country can determine the values of transfers for all countries with an adjustment cost; (iii) all countries obtain an identical level of utility; (iv) the country with the lowest adjustment cost is the best candidate for the planner country. All results are derived based on well-known information regarding the cost of producing the public goods and on income levels.
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Bibliographic InfoPaper provided by Research Institute for Economics & Business Administration, Kobe University in its series Discussion Paper Series with number DP2012-19.
Length: 18 pages
Date of creation: Jul 2012
Date of revision:
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International public goods; Multilateral income transfers; Productivity difference; Planner; Adjustment cost; Welfare;
Find related papers by JEL classification:
- H41 - Public Economics - - Publicly Provided Goods - - - Public Goods
- F1 - International Economics - - Trade
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