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Your search keyword '"Pieretti, Patrice"' showing total 3 results
Start Over Author "Pieretti, Patrice" Topic foreign direct investments
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2. The long run survival of small nations. A dynamic view

Author

Pieretti, Patrice, Zanaj, Skerdilajda, and Zou, Benteng

Subjects
Country size, Dynamisches Gleichgewicht, foreign direct investments, Spatial competition, F15, H25, Public goods competition, Zeitpräferenz, Foreign direct investments, Standortwettbewerb, spatial competition, Standortpolitik, Country size, Foreign direct investments, Public goods competition, Spatial competition, Kleines-offenes-Land, ddc:330, F22, F13, public goods competition, country size, Theorie, H73
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.

Published
2011

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