The Spillover Effects of Deregulation in a Three-Country Model

IF 1.3 Q3 ECONOMICS

Journal of International Commerce Economics and Policy Pub Date : 2020-06-01 DOI:10.1142/s1793993320500088

Wataru Johdo

引用次数: 0

Abstract

This paper develops a three-country model that incorporates international relocation of firms and explores the macroeconomic effects of deregulation in the services sector by each country. A novel feature of our model is that the international relocation of firms responds to exchange rate movements caused by deregulation shocks in the services sector. From this analysis, it is found that a deregulation shock in a country always benefits the country in spite of the outflows of firms, while it can be detrimental to other two countries, in terms of relative consumption levels.

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三国模型下放松管制的溢出效应

本文建立了一个包含企业国际搬迁的三国模型，并探讨了各国服务部门放松管制的宏观经济影响。我们的模型的一个新特征是，企业的国际搬迁对服务业放松管制冲击引起的汇率变动作出反应。从这一分析中，我们发现，尽管企业外流，一个国家的放松管制冲击总是有利于该国，而就相对消费水平而言，它可能对其他两个国家有害。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Journal of International Commerce Economics and Policy ECONOMICS-

CiteScore

1.50

自引率

0.00%

发文量

期刊介绍： Journal of International Commerce, Economics and Policy (JICEP) is a peer-reviewed journal that seeks to publish high-quality research papers that explore important dimensions of the global economic system (including trade, finance, investment and labor flows). JICEP is particularly interested in potentially influential research that is analytical or empirical but with heavy emphasis on international dimensions of economics, business and related public policy. Papers must aim to be thought-provoking and combine rigor with readability so as to be of interest to both researchers as well as policymakers. JICEP is not region-specific and especially welcomes research exploring the growing economic interdependence between countries and regions.