Within this paper, we discuss problems and solutions of integrating intertemporal trade into an economy-energy-environment model. Modeling intertemporal trade provides additional flexibility in achieving economic development as well as environmental sustainability targets, that likely...

One of the key factors behind global trade growth in recent decades is increase in intermediate input as a result of the development of vertical production networks (Feensta, 1998). Manufacturing goods are no longer produced in a single country. Production processes are subdivided into several...

One of the key factors behind global trade growth in recent decades is increase in intermediate input as a result of the development of vertical production networks (Feensta, 1998). Manufacturing goods are no longer produced in a single country. Production processes are subdivided into several...

To evaluate protectionism, we propose a comparative advantages model based on monopolistic competition with an endogenous markup, which enables the identification of three policy effects: international competition, productive and allocative efficiency, besides a non-cost competition term....

The objectives of this research are to develop a multi-region multi-sector CGE model with FDI that will allow assessing the impact of security measures on the Canadian and U.S. economies. We assess the impact in terms of Canada-U.S. bilateral trade and foreign direct investment, but also in...

Trade liberalization in Kenya started in the early 1980’s with the structural adjustment programmes, and continued under the reciprocal trade liberalization under the WTO framework. There are several arguments that have been put forward in favour of trade liberalization such as economic...

Product variety has played a central role in models of trade and growth. Classical trade theory postulates that the elimination of trade barriers improves welfare by reducing the wedge between domestic and import prices as well as the ensuing deadweight loss. An entirely different reason for the...

Sub-Saharan African (SSA) countries are involved in negotiations for increased trade integration at the regional, bilateral and multilateral level. Previous simulations of liberalization fail to precisely compare the impacts of those different levels of increased liberalization on SSA because of...

A basic analysis of EM-DAT database shows that natural hazards have substantial macroeconomic impacts in developing countries in Latin America and the Caribbean (LAC) countries which are highly exposed to extreme natural events (e.g. hurricanes, earthquakes, volcanic eruptions, and tidal waves)....

The introduction of unilateral climate policies, and the absence of a climate constraint in many parts of the world raise questions about the distortions in competitiveness and CO2 leakage that may result. Therefore, proposed climate policies are often accompanied by corrective measures intended...