Showing 1 - 10 of 150
agriculture is driven by comparative advantage and non-homothetic preferences. Countries are integrated through trade but trade is … better fit to cross-sectional data on manufacturing shares than frameworks which ignore the role of trade costs or non … lowering of trade barriers. -- industrialization ; economic geography ; international trade …
Persistent link: https://www.econbiz.de/10009621748
computable general equilibrium trade model calibrated with the latest version of the GTAP database to simulate the effect of … doubling non-tariff barriers - both unilateral and reciprocal - between the two blocks on trade and welfare. Imposing trade … to cooperate rather than turning away from each other. By imposing a trade war on Russia, the political West could …
Persistent link: https://www.econbiz.de/10013186412
This paper attempts to build up a Heckscher-Ohlin-Samuelson model of production and trade where capital is introduced … trade only nominal factor prices. International financial flows will not alter pattern of trade, but movement of labour and … much more than before. Introducing finance affects trade patterns with unemployment and especially with imperfect credit …
Persistent link: https://www.econbiz.de/10013173767
Migration and trade are often linked through ethnic networks boosting bilateral trade. This study uses migration to … quantify the importance of Ricardian technology differences for international trade. The framework provides the first panel … between 1.6 and 2.4 depending upon weighting. This provides an important contribution to the trade literature of Ricardian …
Persistent link: https://www.econbiz.de/10011568775
theory characterizes how innovation and learning determine technology gaps, trade and global income inequality. Countries … innovation-dependence by industry from R&D and bilateral trade data. Calibrating the model implies technology gaps, due to cross …
Persistent link: https://www.econbiz.de/10012029168
combines elements of the literatures on economic geography, multinational firms, urban economics, and trade theory. A two …
Persistent link: https://www.econbiz.de/10012417745
developing economy grows faster than the rest of the world as a result of global fragmentation and trade in intermediates if it … intermediate good, then embed it in a growth model to address the effects of global production fragmentation, vertical … specialization and trade on growth and inequality for a small developing country. Among other results, we show that a small …
Persistent link: https://www.econbiz.de/10012668495
This paper studies dynamics of endogenous business cycles and exchange rate volatility in a small open economy. Without market imperfections, domestic price and wage adjustments respond sluggishly to disequilibrium situations on real domestic markets while prices on international capital markets...
Persistent link: https://www.econbiz.de/10011538984
with the rest of the world. Lastly, the government chooses a new education policy that maximizes welfare under trade. Is it …. -- patterns of trade ; education policy ; welfare …
Persistent link: https://www.econbiz.de/10003850137
This paper reviews the most significant recent developments in the theory of trade agreements. The paper offers an … integrated approach to evaluating trade agreements, and uses the approach to present results on preferential and multilateral … trade agreements. The paper identifies also several questions for further research. -- trade agreements ; multilateralism …
Persistent link: https://www.econbiz.de/10003850514