process of trade and capital market liberalisation. The model predicts that bilateral mergers in which low-cost firms buy out …, though the distribution of income always shifts towards profits. The model implies that trade liberalisation can trigger … international merger waves, in the process encouraging countries to specialise and trade more in accordance with comparative …

in general equilibrium. Comparative advantage always determines the direction of trade, but both competitive and absolute … advantage affect resource allocation, trade patterns and trade volumes. Competitive advantage in the sense of more home firms …

strategic IPR literature. In a North-South trade environment, the South sets the IPR policy strategically by anticipating the …

when trade costs fall. This seems to conflict with the experience of the 1990s, when trade liberalisation and technological … change led to dramatic reductions in trade costs yet FDI grew much faster than trade. Two possible resolutions to this … paradox are explored. First, horizontal FDI in trading blocs is encouraged by intra-bloc trade liberalisation, because foreign …

This paper investigates the link between trade and environment by exploring the effects of green tariffs on the … location of firms, innovation and environmental policy. Besides the standard effect of reducing trade and production of dirty …

trade policy reform. Finally, we show that generalised and trade-weighted moments are mutually proportional when the trade …