International Income Transfers under Technological Uncertainty
Shiro Takeda ()
No 2001-01, Discussion Papers from Graduate School of Economics, Hitotsubashi University
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.
Keywords: Transfer; Uncertainty; Attitude toward risk (search for similar items in EconPapers)
JEL-codes: F10 D80 (search for similar items in EconPapers)
Pages: 20 p.
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Journal Article: International Income Transfers under Technological Uncertainty (2001)
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Persistent link: https://EconPapers.repec.org/RePEc:hit:econdp:2001-01
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