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http://hdl.handle.net/10419/43775
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| Title: | | The long run survival of small nations: A dynamic view  |
| Authors: | | Pieretti, Patrice Zanaj, Skerdilajda Zou, Benteng |
| Issue Date: | | 2010 |
| Series/Report no.: | | Working papers // Institute of Mathematical Economics 437 |
| Abstract: | | In this paper, we analyze the dynamics of a very small economy which tries to attract foreign investments. For that purpose, we model the intertemporal behavior of a small jurisdiction using taxes and attractive public infrastructures as policy instruments, for given policy choices of the rest of the world. Applying Pontryagin's maximum principle, we then characterize the potential steady states which are attainable. These results give some insights into the policy behavior that may guarantee the long run survival of very small economies. |
| Subjects: | | public goods competition spatial competition foreign direct investments country size |
| JEL: | | H25 H73 F13 F15 F22 |
| Persistent Identifier of the first edition: | | urn:nbn:de:hbz:361-17347 |
| Document Type: | | Working Paper |
| Appears in Collections: | | Working Papers, Institute of Mathematical Economics, Universität Bielefeld
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