A country's export sector may encompass a raw material, as well as a final commodity that processes that raw material. A general equilibrium model is developed in a competitive setting to analyze a nation's optimal strategy in restricting raw materials exports when allowance is made for...

Economic activity sometimes brings advanced technology to an enclave in a less-developed region where low-wage labor can be combined with skilled labor and capital from the advanced region to produce commodities for export to world markets. Potential skills of local workers may not be known to...