We incorporate culture into a standard trade model in two distinct ways. In the ¡°cultural affinity from work¡± model, workers receive a non- pecuniary cultural benefit from work in a particular industry. In the ¡°cultural externality¡± model, consumers of a product receive utility from...

Luego de examinar el marco teórico y conceptual de la teoría del crecimiento y del comercio internacional, se mide la eficacia de la apertura comercial impulsada por el TLCAN para fomentar el intercambio comercial. Asimismo, se evalúan los efectos de éste en el crecimiento económico de los...

Conventional wisdom has it that the Mexican crisis of 1994-95 was "the first financial crisis of the 21st century." In this paper I argue that it may be better understood as the last financial crisis of the 19th. The crisis in Mexico exhibits striking similarities to the Baring Crisis of 1890,...

There are a number of ethical issues in the area of international trade that affect managers. This article will address two ethical issues that have been almost totally neglected in the literature -- antidumping and sanctions. Antidumping laws are special interest legislation. Rather than...

The book encapsulates the ways and means of doing business with China, and the opportunities out there. It reveals how China has transformed itself for the investors by creating a friendly environment; but,nevertheless, cultural and social aspects must not be forgotten while dealing with them....

Economists measure the cost of protection in terms of static efficiency, growth rates and firm- or industry-level productivity effects. This survey is devoted exclusively to the literature on the static efficiency. A key preliminary point to note is that estimates in this literature are not...

This paper uses firm level data to investigate the impact of trade liberalization on manufacturing sector employment in Morocco. This paper extends the existing research in various dimensions. First, it analyses the effect of trade openness on different skill levels of the manufacturing labor...

Traditionally, food security is defined in terms of either food self-sufficiency or food self-reliance. The former requires production of various food items in the quantities consumed domestically while the latter requires domestic availability. Based on this distinction, self-sufficiency rules...

Theoretical comparisons of the welfare consequences of tariffs, subsidies and import licenses have relied on the assumption that firms reap no private benefits from the imposition of a tariff. This paper conducts an empirical analysis of whether a recent change in U.S. antidumping law known as...

This paper develops a dynamic monopolistic competition model with heterogenous firms to analyze the effects of uncertainty on international trade. We characterize a stationary equilibrium, with N symmetric countries, where firms’ productivities evolve stochastically over time. Our model...