• A Note on the Mundell-Fleming Model: Policy Implications on Factor Migration 

      Laurila, Hannu
      Tampere Economic Working Papers Net Series : 57/2007 (2007)
      workingPaper
      The policy implications of the seminal Mundell-Fleming model are reviewed in the classicallong-term regime of the full Neo-Keynesian macroeconomic model. It is shown that, besides thetemporary capital flows described by ...
    • A Note on the Two-Sector Model of Regional Factor Allocation 

      Laurila, Hannu
      Tampere Economic Working Papers Net Series : 38/2006 (2006)
      workingPaper
      The standard neoclassical Two-Sector Model of inter-regional factor allocation says that a positive demand shock in one region starts immigration of both labour and capital into the region, but that the market adjustment ...
    • Do Business Cycles Trigger Corruption? 

      Keita, Kouramoudou; Laurila, Hannu
      Tampere Economic Working Papers : 102/2016 (Tampereen yliopisto, 2016)
      workingPaper
    • Effects of a Tax-Transfer Scheme on Migration 

      Laurila, Hannu
      Tampere Economic Working Papers Net Series : 37/2004 (2004)
      workingPaper
      A general equilibrium elaboration of the classic model of inter-regional migration is used to examine the effects of a local tax-transfer scheme on migration. It is shown that a fair tax-transfer scheme, which does not ...
    • Effects of Fiscal Policy under Free Factor Migration 

      Laurila, Hannu
      Tampere Economic Working Papers Net Series : 39/2007 (2007)
      workingPaper
      The effects of fiscal policy are examined in a neo-Keynesian macroeconomic model under perfect factor mobility. The key finding is that, even in the classical regime of the model, fiscal policy may have real effects: a ...
    • Efficiency of Local Policy Programmes under Free Migration 

      Laurila, Hannu
      Tampere Economic Working Papers Net Series : 59/2007 (2007)
      workingPaper
      A Neo-Keynesian macroeconomic model is constructed to examine the efficiency of a local tax-transfer programme under free migration. An application of the Adaptive Expectations Hypothesis is used todescribe people’s ...
    • Efficient Corruption? Testing the hypothesis in African countries 

      Keita, Kouramoudou; Laurila, Hannu
      Tampere Economic Working Papers : 99/2016 (Tampereen yliopisto, 2016)
      workingPaper
    • Endogenous Real Risk-Free Rate, the Central Bank, and Stock Market 

      Ilomäki, Jukka; Laurila, Hannu
      Tampere Economic Working Papers : 113/2017 (Tampereen yliopisto, 2017)
      workingPaper
      The central bank acts as a social planner, and adjusts the real risk-free rate of return to correct any mispricing in the stock market so that the emergence of positive or negative bubbles is avoided. The flip side is that ...
    • General Equilibrium Elaboration of the Classical Model of Migration 

      Laurila, Hannu
      Tampere Economic Working Papers Net Series : 36/2004 (2004)
      workingPaper
      The classic type of analysis of inter-regional migration is derived from the traditional trade doctrine, expressed in terms of labour markets. The approach is here given a general equilibrium elaboration by including ...
    • Governance and Corruption - sand or grease in the wheels? 

      Keita, Kouramoudou; Laurila, Hannu
      Tampere Economic Working Papers : 98/2016 (Tampereen yliopisto, 2016)
      workingPaper
    • Growth Maximizing Corruption? 

      Keita, Kouramoudou; Laurila, Hannu
      Tampere Economic Working Papers Net Series : 105/2016 (Tampereen yliopisto, 2016)
      workingPaper
    • Hämeen etanoli- ja biokaasutehtaan yhteiskuntataloudellisen kannattavuuden arviointi 

      Mäkelä, Juho; Laurila, Hannu; Nikula, Harri
      Tampere Economic Working Papers Net Series : 53/2007 (Tampereen yliopisto, 2007)
      workingPaper
      Tämän tutkimuksen tavoitteena on arvioida Hämeen etanoli- ja biokaasutehtaan yhteiskuntataloudellista kannattavuutta. Tutkimus on kustannus-hyötyanalyysi, jossa tehdashankkeen taloudelliset vaikutukset lasketaan ...
    • INTER-CITY MIGRATION AND POLICY 

      Laurila, Hannu
      Tampere Economic Working Papers Net Series : 82/2010 (2010)
      workingPaper
      The seminal Buchanan-Ng club model is used to analyze optimal allocation ofpopulation between non-homogenous cities. Because of externalities (marginal welfareeffects), migration cannot alone ensure efficiency and policy ...
    • Inter-Regional Factor Allocation in the Neo-Keynesian Macroeconomic Model 

      Laurila, Hannu
      Tampere Economic Working Papers Net Series : 56/2007 (2007)
      workingPaper
      The standard neoclassical Two-Sector Model of inter-regional factor allocation says that apositive demand shock in one region starts immigration of both labour and capital, but that theadjustment of market prices eventually ...
    • Kaupunki, kaupunkikoko, muuttoliike ja politiikka 

      Laurila, Hannu
      Tampere Economic Working Papers Net Series : 71/2009 (2009)
      workingPaper
      Cities are of utmost importance in the working of the market economy in the spatial context. Migration between cities not only determines the formation of cities but also works as a real-world mechanism of resource ...
    • Migration, Policy, and Formation of Cities 

      Laurila, Hannu
      Tampere Economic Working Papers Net Series : 28/2003 (2003)
      workingPaper
      Efficient allocation of resources is the cornerstone of market economy, and migration of people is an elementary part of the allocation mechanism. This paper presents a simple club theoretic model of migration between ...
    • Neo-Keynesian Macroeconomics of Inter-National Factor Allocation 

      Laurila, Hannu
      Tampere Economic Working Papers Net Series : 69/2008 (2008)
      workingPaper
      In the Neo-Keynesian macroeconomic model demand shocks have no long-run real effects on production, real wages and real interest rates. Therefore, there should be no effects on factor migration either. During the short-term ...
    • Optimal Formation of Cities: Policy Considerations 

      Laurila, Hannu
      Tampere Economic Working Papers Net Series : 58/2007 (2007)
      workingPaper
      Club theoretic analysis of migration between profoundly asymmetric cities shows that centralizedpolicy intervention is necessary to ensure efficient allocation of people between cities. Quantity rationingand equalizing ...
    • Optimization of City Size 

      Laurila, Hannu
      Tampere Economic Working Papers Net Series : 66/2008 (2008)
      workingPaper
      Club theoretic analysis of migration between asymmetric cities shows that centralized policy intervention is necessary to ensure the efficient allocation of people between cities. Quantity rationing and equalizing lump-sum ...
    • Stock Market Dynamics and the Central Bank in a General Equilibrium Model 

      Ilomäki, Jukka; Laurila, Hannu
      Tampere Economic Working Papers : 115/2017 (Tampereen yliopisto, 2017)
      workingPaper
      We introduce a general equilibrium model with potentially inefficient stock markets consisting of asymmetrically informed investors. Prices are sticky in the goods market, but the labor market adjusts perfectly. The ...