A Planner of Global Income Transfers: International Public Goods and Productivity Differentials

Tatsuyoshi Miyakoshi ()
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Tatsuyoshi Miyakoshi: Osaka School of International Public Policy, Osaka University

No 08-38, Discussion Papers in Economics and Business from Osaka University, Graduate School of Economics

Abstract: The purpose of this paper, by introducing the adjustment expense of global income transfers across N countries, is to produce an explicit rule for the planner country regarding income transfers, and to investigate the effects of income transfers on each country fs welfare. The findings are: (i) when country i has a productive advantage in producing public goods, country i becomes an income receiver; (ii) specifying the particular level of the adjustment expense for global income transfers, the planner can decide the values of income transfers for all countries; (iii) even though any country can become a planner of income transfers, all countries get the same utility level, while the low adjustment expense under a particular planner country leads to a Pareto-improving outcome; (iv) all conclusions are derived based on well-known information regarding the cost of producing public goods and income levels for all countries.

Keywords: international public goods; productivity differentials; planner; global income transfer; adjustment expense; welfare (search for similar items in EconPapers)
JEL-codes: F13 H41 (search for similar items in EconPapers)
Pages: 16 pages
Date: 2008-12
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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