Increasing protection in the world economy, especially in industrialised countries since the 1970s has increased the costs of restricting international trade. It is shown that in West Germany under inter‐industry specialisation the short‐run burden of protection is shared nearly equally by...

A single dimensional measure of economic welfare in terms of per capita income has neglected the contribution of the non-timber benefits of forests; hence forests have not received their due weight in literature on the development process. Advocates a multi-dimensional measure of economic...

A single dimensional measure of economic welfare in terms of per capita income has neglected the contribution of the non‐timber benefits of forests; hence forests have not received their due weight in literature on the development process. Advocates a multi‐dimensional measure of economic...

Demonstrates the implications of imperfect substitutability between domestic and imported final goods for the determination of second-best nominal and effective tariffs in a general equilibrium setting. The analysis of second-best interventions for given policy distortions extends that by Ruffin...

Demonstrates the implications of imperfect substitutability between domestic and imported final goods for the determination of second‐best ominal and effective tariffs in a general equilibrium setting. The analysis of second‐best interventions for given policy distortions extends that by...

Purpose – The purpose of this paper is to investigate the levels of extensive (wider set of goods) and intensive (larger quantities of each good) margins for 126 countries grouped by income and development hierarchies. Design/methodology/approach – Analysis of variance and the coefficient of...

Purpose – This purpose of this paper is to investigate the existence of cointegration and causality between the stock market price indices of Thailand and its major trading partners (Australia, Hong Kong, Indonesia, Japan, Korea, Malaysia, the Philippines, Singapore, Taiwan, the UK and the...

Purpose – This paper aims to critically examine China's exchange rate policy debate and discuss Chinese financial and capital control reform of recent years. Furthermore, using the empirical results based on a regional general equilibrium model, alternative methods are suggested of addressing...

Purpose – In 2008, a bill was introduced in the 110th Congress (HR6415) to address the “unintended consequences” of US free trade agreements (US FTA) on manufacturers operating in US foreign trade zones (FTZs). Presently, US manufacturers operating in FTZs that use imported components pay...

The article examines the impact of changing human resource endowments on the factor intensity and commodity composition of manufacturing exports in the ASEAN economies. There is evidence that skill and human capital endowments over the period 1970-83 have increased, and that this rise in the...