A Note on the Survival of Small Nations: A Dynamics View
Bentent Zou, Université du Luxembourg
In this paper, we analyze the dynamic interaction of a small open economy and the rest of the world. This interaction consists of °ows of FDI that may quit or enter the small
In this paper, we analyze the dynamic interaction of a small open economy and the rest of the world. This interaction consists of flows of FDI that may quit or enter the small economy. The strategic instruments for FDI attractiveness is not only the low tax rate on capital but importantly a public good that aspects positively the profit of ¯rms. This public good can be seen as a "cadre rglementaire" that creates a business friendly environment in the small country. In this setup, we inquire the steady state(s) of the small economy in terms of population, public goods level and taxes. Our results give insights on the long run strategies that allow the survival of small economies as industrial centers.
About the speaker
Dr. Benteng Zou is an associate-professor in the faculty of law, economics and finance at the University of Luxembourg since Feb. 2007. He holds two Ph.Ds: one in Mathematics from Peking University, China and one in Economics from the Catholic University of Louvain, Belgium. Before joining the University of Luxembourg he was a post-doc researcher at the Institute of Mathematical Economics in Bielefeld University, Germany. At the same time, he was a visiting assistant professor of Strasbourg University, France. Before starting his career in Economics, he was a visiting assistant professor of University of Iowa, USA, after one year post-doctoral researching in Nantes University, France. Now, Benteng Zou specializes in Dynamics economics, macroeconomics and economics growth theory. His main research interests are: spatial economics, foreign direct investment, optimization theory and differential game, economic growth and environmental Kuznet curve. His researches has been presented in international conferences in economics and published in scientific reviews such as: Journal of Economic Dynamics and Control, Macroeconomics dynamics, European Journal of operational research, Journal of Environmental Economics and Management , Resource and energy economics, Economic modeling, and Annales d’Economies et statistiques and so on . He teaches stochastic calculus in finance, optimization theory, dynamic method in economics, calculus, and macroeconomics.
Venue: UNU-MERIT Conference Room
Date: 24 March 2011
Time: 12:30 - 13:30