In computable general equilibrium (CGE) models, it is typically assumed that agricultural resources are smoothly substitutable in neoclassical production or cost functions, with flexible wages, rents and prices generating market equilibrium in a setting with full resource employment. 1 Although...

Much of the debate over potential wage changes under a North American Free Trade Agreement (NAFTA) reflects views about the links between output prices and factor prices as described in the Stolper-Samuelson theorem. But the Stolper-Samuelson theorem does not fully describe the likely labour...

Zambia's strong dependence on copper exports has suppressed other tradables sectors, indicative of a Dutch disease phenomenon. The current copper crisis will have strong economic effects, possibly reversing such Dutch disease effects. We use a computable general equilibrium model built around a...