This paper contributes to research endogenizing multinational firms in general-equilibrium trade models. We attempt to … trade costs are moderate to high. In some cases, foreign investment or trade liberalization leads to a reversal in the … direction of trade. Investment liberalization can also lead to an increase in the volume of trade and produces a strong tendency …

The paper demonstrates how trade between developing countries can cause the divergence of long-run growth among these … trade occurs at any moment if the countries have different numbers of intermediate varieties. The country with a larger … number produces more manufactured goods than the other country does. In the bilateral trade the advanced country exports …

The Dispute Settlement (DS) system is a central feature of the World Trade Organization (WTO) Agreement. This …

We propose a model of trade agreements in which contracting is costly, and as a consequence the optimal agreement may … be incomplete. Inspite of its simplicity, the model yields rich predictions on the structure of the optimal trade … explicitly into account can help explain a number of key features of real trade agreements. …