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International Income Transfers under Technological Uncertainty

Author

Listed:
  • Takeda, Shiro
  • 武田, 史郎

Abstract

This 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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Suggested Citation

  • Takeda, Shiro & 武田, 史郎, 2001. "International Income Transfers under Technological Uncertainty," Discussion Papers 2001-01, Graduate School of Economics, Hitotsubashi University.
  • Handle: RePEc:hit:econdp:2001-01
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    File URL: https://hermes-ir.lib.hit-u.ac.jp/hermes/ir/re/17026/070econDP01-01.pdf
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    More about this item

    Keywords

    Transfer; Uncertainty; Attitude toward risk;
    All these keywords.

    JEL classification:

    • F10 - International Economics - - Trade - - - General
    • D80 - Microeconomics - - Information, Knowledge, and Uncertainty - - - General

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