The traditional trade theory predicts that trade in goods perfectly substitutes for direct movement of factors. This … equivalence between goods trade and factor movements, however, depends crucially on assumptions about the production. This paper … establishes necessary and sufficient conditions which describe the relationship between goods trade and capital mobility in a 2x2x …

Picture a small open economy in the North Atlantic Ocean, highly dependent on trade with the EU and NAFTA. How …

This short note tries to argue that distance is not necessarily harmful for trade. It is shown that there may be an … increase in the production and volume of trade if time zones of the trading nations are non-overlapping. This implies a … positive effect of distance on the volume of trade. It is also shown that exploitation of time zone difference raises welfare …

exemplify possible applications related to trade and FDI. By overcoming several data limitations, our new global index can help …

The Eastern enlargement of the European Union (EU) is likely to give a further boost to trade and capital flows, yet … determinants of international asset holdings and trade flows. We find in most regressions that EU membership has a significant … candidates actual values are still far below expected ones in most cases. Consequently, we anticipate rising capital and trade …