The present paper compares quantitative impacts of a free trade "program" of 1% price changes across simulations of general equilibrium models of countries and aggregates of skilled labor. These simulations of factor proportions and specific factors models illustrate two quantitative properties...

The viability of stimulative fiscal policy has become a political issue in South Korea, Taiwan, and Thailand since the Asian financial crisis of 1997. This paper examines historical relationships between government spending, taxes, and output in these countries using cointegration and vector...