Global Poverty Reduction and Pareto-Improving Redistribution
2009/08/11
研討會日期 : 2009-08-11
時間 : 14:30
主講人 : 朱智豪助研究員
地點 : B110
演講者簡介 : 朱智豪先生為Ph.D. in Economics，University Michigan (2008)。現為本所助研究員。其主要研究領域為Macroeconomics、Economic Growth、Patent Policy、Political Economics。
演講摘要 : Can a transfer of wealth from the US to developing countries be Pareto improving? We analyze this question in an open-economy innovation-driven growth model, in which the high-income (low-income) country produces innovative (homogenous) goods. We find that wealth redistribution to the low-income country simultaneously reduces global inequality and stimulates innovation through an increase in labor supply in the high-income country. Given that the market equilibrium is usually inefficient due to R&D externalities, the wealth redistribution may lead to a Pareto improvement, which occurs if the discount rate is sufficiently low or R&D productivity is sufficiently high.
