This article presents a Ricardian model of trade with learning-by-doing to study the effect of barriers to trade in … products with low growth potential on the long-run economic growth. The model shows that, when elasticity of demand for the … the demand toward the product with a higher learning potential, thus enhancing economic growth in the exporter economy …

dependence, physical and institutional barriers to trade and associated policy shocks increase volatility sharply and harm growth …The volatility of unanticipated output growth in income per capita is detrimental to long-run development, controlling … for initial income per capita, population growth, human capital, investment, openness and natural resource dependence …

dynamic general equilibrium model with endogenous economic growth and heterogeneous overlapping generations. We calibrate the … model for the US economy. First, we establish that the net effect of a decline in population growth on the growth rate of … growth performance and for individual welfare. Third, we showthat the assessment of pension reform proposals may be different …

High income growth in many countries in East Asia and the Middle East has been accompanied by increasing income … interrelationships between inequality and economic growth. This paper develops a simple model to establish that the change in income … growth rate is a non-linear function of the income growth if policy makers try to influence economic growth. As a result …

We introduce unemployment and endogenous selection of workers into different skill-classes in a trade model with two … effects of trade liberalization. We show that the gains from trade will be distributed very unequally. While unskilled workers … when a skill-abundant country opens up to trade. …

welfare. International welfare spillovers depend on the interaction between terms of trade effects and financial frictions and … may be positive or negative, depending on foreign countries’ trade position. …

We exploit Japan’s 19th century move from autarky to free trade to provide the first test of the general validity of … a single refutable prediction on the economy’s factor content of trade. Our test combines factor price data from Japan …’s late autarky period with Japan’s factor content of trade calculated with the technologies of the country of origin of …

Lumpiness of production factors within a country might overturn the predictions for the structure of trade by the … factor-abundance (HO) model. Trade patterns, as predicted by this model, can both be magnified or reversed by uneven … factors and as a consequence different patterns of urbanization between countries might cause trade patterns to differ from HO …

We propose a normative assessment of the value of international trade that is rooted in production theory and embeds … Ricardo’s 1817 formulation of the gains from trade into a multi-factor general equilibrium framework. Without imposing strong … the magnitude and the sources of the gains from trade. A high quality data set on product and task-specific factor …