Article ID Journal Published Year Pages File Type
5059168 Economics Letters 2014 5 Pages PDF
Abstract
Recent research shows that the merger of economies increases aggregate stress. This paper shows that there is no income distribution policy which will ensure that the wellbeing of the individuals belonging to merging economies does not fall below their pre-merger level.
Keywords
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
Preview
A policy response to a downside of the integration of economies: An impossibility theorem
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