"In this paper, we review the debate on "new regionalism," focusing on the tools used to evaluate regional trade agreements (RTAs). We find that much analysis uses tools from old trade theory in the Viner-Meade tradition, focusing on trade creation, trade diversion, and terms-of-trade effects....

Much of the debate over whether or not developing countries gain from regional trade agreements (RTA's) has focused on two characteristics that are common to developing countries: their relatively high tariffs and their high trade dependencies on one or a few developed trade partners. In this...

This paper uses a two-country, computable general equilibrium (CGE), trade model to analyze the impact on Mexico and the U.S. of the precipitous peso depreciation in late 1994 and early 1995, and of the policy response to the crisis. The model includes explicit treatment of agricultural policies...

New advances in biotechnology have enhanced production of maize, soybeans, and cotton. Consumer reactions to the new technology have been mixed. Both the supply shock, from an increase in productivity or a reduction in input use, and the demand shock, which is determined by the consumer response...

This paper analyzes price, production and trade consequences of changingconsumer preferences regarding the use of genetically modified organisms (GMOs) infood production. The analytical framework used is an empirical global generalequilibrium model, in which the entire food processing chain –...

"In this paper, the authors use a highly disaggregate general equilibrium model to analyze the feasibility of a wage subsidy to unskilled workers in South Africa, isolating and estimating its potential employment effects and fiscal cost. They capture the structural characteristics of the labor...