The paper investigates the local dynamics of a simple growth model with a public health factor. A notable feature of … contributes to labor productivity growth. From a three-dimensional dynamic system that includes physical capital, public health … undiversified growth pattern when converging on high- and low-growth equilibria. Our striking result has important implications in …

We evaluate the growth and welfare effects of budget-neutral reforms in the US tax system. Large gains in welfare and … growth could result from adopting a consumption-based tax system. In contrast, significant welfare and growth losses would …-negligible welfare and growth gains. …

The study investigates the impact of trade openness on economic growth in the long run. We apply the ARDL bounds … cointegration among the series. In the long run, trade openness promotes economic growth. The growth-led-trade hypothesis is … development as an additional determinant of economic growth using the framework of Mankiw et al. (1992). The results confirm …

emissions, financial development, economic growth, energy consumption and trade openness for India. Our main contribution to the … relationships between carbon emissions, financial development, income, energy use and trade openness. Financial development has a … energy policies for India that contribute to the curbing of carbon emissions while preserving economic growth. …

We construct a general equilibrium model with a protected intermediate sector and analyze the effectiveness of trade … reform for a small open economy where bureaucratic corruption arises because of trade protection. Intermediaries are employed … by the producers in order to avoid paying the import tariff. We use an HOSV kind of framework to prove whether trade …

This paper examines the effects of conversion of one type of physical trade restrictions into another on the intra … these results is the real income effect that conversion of one type trade restriction instrument into another results in. …

Empirical spatial models of trade that are based on a mathematical programming specification often exhibit a large … discrepancy between the equilibrium solution and the observed demand, supply and levels of trade flows among countries. This … discrepancy may be due to several causes. Assuming, however, that a trade model is not misspecified – in the sense that behavior …

This paper develops a general equilibrium monetary model to study China–US trade relations. The model captures two main … features of China–US trade: China's fixed exchange rate regime and the use of the US dollar as the international medium of … consumption in China, and would likely reduce China's trade surplus. It would also lead to a contraction in China's tradable …

independence of the GDP from the exchange rate cannot be postulated in open economies in which the foreign trade flow/GDP ratio is …