The Macroeconomic Dynamics of Trade Liberalization, Resource Exploitation, and Backstop Technologies

Research output: PhD ThesisPhD Thesis - Research external, graduation external

Abstract

This dissertation uses dynamic general equilibrium theory to study two different topics in economics. The first part of the dissertation is concerned with the allocation effects and welfare consequences of trade liberalization in small open developing economies. The second part of the dissertation is devoted to the analysis of the energy transition from fossil fuels to backstop technologies (i.e., substitutes for fossil fuels) in the global economy.

The main conclusion of the first part of the dissertation is that intertemporal welfare effects from trade liberalizing reforms are important and should therefore be taken into account when judging the desirability of coordinated tax-tariff reforms in developing countries. The second part shows that the existence of backstop technologies is crucial for economic growth perspectives, the pace and nature of technological change, and the development of fossil fuel extraction over time. Moreover, it is shown that as a result of directed technological change, the actual implementation of a backstop technology may become a self-fulfilling-prophecy.
Original languageEnglish
QualificationPhD
Supervisors/Advisors
  • Ligthart, J.E., Supervisor, External person
  • Smulders, J.A., Supervisor, External person
Publication statusPublished - 15 May 2013

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