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Social and Behavioral Sciences Commons™
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Articles 1 - 2 of 2
Full-Text Articles in Social and Behavioral Sciences
The Economic Implications Of Eliminating Coal Subsidies In G7 Countries, Rachel M. Kim, Pradnaya S. Pathak
The Economic Implications Of Eliminating Coal Subsidies In G7 Countries, Rachel M. Kim, Pradnaya S. Pathak
Undergraduate Economic Review
This paper analyzes the economic implications of eliminating coal subsidies in G7 countries (Canada, France, Germany, Italy, Japan, United Kingdom, United States) in light of the Paris Agreement and the 2009 commitment to addressing climate change. The study uses a computable general equilibrium (CGE) model and contains three different simulations: production subsidy removal, consumption subsidy removal, and both consumption and production subsidy removal in G7 nations. Three variables were analyzed: economic welfare, market price, and output quantity. The results obtained using the Global Trade Analysis Project (GTAP) indicate that coal price increases and output quantity decreases, while economic welfare varies.
Exploring The Effects Of International Wage Differences On Brain Drain, Austin Martin
Exploring The Effects Of International Wage Differences On Brain Drain, Austin Martin
Undergraduate Economic Review
This paper examines how international wage differences affect brain drain by comparing the effects of skill-specific wage differences on low, medium, and high-skilled emigration. Previous literature explores qualitative factors behind migrant flow, but there is little focus on the role of wage differences in individuals’ decisions to emigrate. A relatively new data set on emigration rates by education level and a modified gravity model provide a unique analysis of bilateral migration flows. This paper finds that wage differences may have a significant and positive effect on and low-skilled emigration, but a less significant effect on high-skilled emigration or brain drain.