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A Theory of Voluntary Unrequited International Transfers

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  • Murray C. Kemp
  • Koji Shimomura

Abstract

The theory of involuntary international transfers (war indemnities) has been constructed on the assumption that the donor and recipient are completely indifferent to each other's well-being. The assumption is hard to justify since usually the transfers closely follow periods during which the countries have been dropping bombs on each other. In the present paper, we rework the theory on the more plausible assumption that the well-being of each country is negatively influenced by the well-being of the other country. It is shown that, contrary to the conventional theory, the donor might benefit at the expense of the recipient, even when local Walrasian stability is imposed.
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Suggested Citation

  • Murray C. Kemp & Koji Shimomura, 2002. "A Theory of Voluntary Unrequited International Transfers," The Japanese Economic Review, Japanese Economic Association, vol. 53(3), pages 290-300.
  • Handle: RePEc:bla:jecrev:v:53:y:2002:i:3:p:290-300
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    Cited by:

    1. Emily T. Cremers & Partha Sen, 2005. "Transfers and the Terms of Trade in an Overlapping Generations Model," Working papers 138, Centre for Development Economics, Delhi School of Economics.
    2. Kojun Hamada & Mitsuyoshi Yanagihara, 2014. "Donor Altruism and the Transfer Paradox in an Overlapping Generations Model," Review of International Economics, Wiley Blackwell, vol. 22(5), pages 905-922, November.
    3. Emily T. Cremers, 2008. "Transfers, the Terms of Trade and Capital Accumulation," DEGIT Conference Papers c013_018, DEGIT, Dynamics, Economic Growth, and International Trade.
    4. Steven Brakman & Charles van Marrewijk, 2005. "Transfers, Non-Traded Goods, and Unemployment: An Analysis of the Keynes – Ohlin Debate," CESifo Working Paper Series 1588, CESifo Group Munich.
    5. Murray C. Kemp & Ngo Van Long, 2007. "Development Aid in the Presence of Corruption: Differential Games among Donors," CIRANO Working Papers 2007s-23, CIRANO.
    6. Murray C. Kemp & Ngo Van Long, 2009. "Foreign Aid in the Presence of Corruption: Differential Games among Donors," Review of International Economics, Wiley Blackwell, vol. 17(SI), pages 230-243, May.
    7. Bandyopadhyay, Subhayu & Majumdar, Baishali, 2004. "Multilateral transfers, export taxation and asymmetry," Journal of Development Economics, Elsevier, vol. 73(2), pages 715-725, April.
    8. Schweinberger, Albert G. & Lahiri, Sajal, 2006. "On the provision of official and private foreign aid," Journal of Development Economics, Elsevier, vol. 80(1), pages 179-197, June.

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