This paper argues that seasonal fluctuations in international trade are large and have non-trivial effects on a country … employment, output, and consumption. One result is that if price fluctuations increase under free trade, the traded good sector … shrinks and the non- traded good sector expands. Increased trade volume can decrease fluctuations in domestic production of …

This paper examines the hypothesis that turnover affects trade preferences. High turnover industries are similar to the … Stolper- Samuelson assumption of perfect factor mobility, so factor of production drives trade preferences. Among low turnover … industries, as in the specific factors model, net export position determines trade preferences. We show that PAC contribution …

productivity to entering foreign markets, as postulated by the recent literature on international trade with heterogeneous firms …

Factor-endowment based trade with the leading economy helps to explain the differing development performances of the …-endowment based trade and economic ties with the secondary advanced economy (first the U.S. and then Japan) played important roles in …

This research argues that the rapid expansion of international trade in the second phase of the industrial revolution … countries in the last two centuries. The theory suggests that international trade affected the evolution of economies … asymmetrically. The gains from trade were channeled towards population growth in non- industrial nations while in the industrial …

international trade within an overlapping- generations framework. The two countries in the world considered are assumed to be … growth on relative factor endowments and patterns of international trade are explored by comparing simulation results … obtained from the overlapping-generations general equilibrium model under autarky and trade scenarios. Unequal population …

international trade within an overlapping- generations framework. The two countries in the world considered are assumed to be … growth on relative factor endowments and patterns of international trade are explored by comparing simulation results … obtained from the overlapping-generations general equilibrium model under autarky and trade scenarios. Unequal population …

This paper summarizes new developments in world trade, technological changes worldwide and their implications for … international trade, economic growth and technological change, dramatic increases in world trade in goods, services and financial … assets in last decades are statistically documented in Chapter 2. Theoretical studies of economists on international trade …

One of the most significant recent developments in world trade has been the entry of China into the World Trade … Organization (WTO). This paper examines the implications of China’s WTO accession for India’s trade, using both econometrics and …