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Openness, Technology Capital, and Development

McGrattan, Ellen R. - 2010

In this paper, we extend the growth model to include firm-specific technology capital and use it to assess the gains … from opening to foreign direct investment. A firm's technology capital is its unique know-how from investing in research … and development, brands, and organization capital. What distinguishes technology capital from other forms of capital is …

Persistent link: https://www.econbiz.de/10012759771

Outsourcing in a Global Economy

Grossman, Gene M.; Helpman, Elhanan - 2021

We study the determinants of the location of sub-contracted activity in a general equilibrium model of outsourcing and trade. We model outsourcing as an activity that requires search for a partner and relationship-specific investments that are governed by incomplete contracts. The extent of...

Persistent link: https://www.econbiz.de/10013229051

The Uruguay Round and Welfare in Some Distorted Agricultural Economies

Anderson, James E. - 2021

There is widespread concern that the Uruguay Round may reduce the welfare of developing countries through its effect on world agricultural prices. Reduced agricultural price distortions among major supplying nations are predicted to increase basic food prices and decrease some important export...

Persistent link: https://www.econbiz.de/10013242905

How Close is Asia to Already Being a Trade Bloc?

Li, Chunding - 2014

another. For countries in Asia there is negotiation of a China-Japan-Korea agreement, a China-India agreement, a Trans …

Persistent link: https://www.econbiz.de/10013048052

Numerical General Equilibrium Analysis of China's Impacts from Possible Mega Trade Deals

Li, Chunding - 2014

Korea and India, RCEP will generate the highest welfare outcome …

Persistent link: https://www.econbiz.de/10013048108

Evaluating Labour Adjustment Costs from Trade Shocks : Illustrations for the U.S. Economy Using an Applied General Equilibrium Model with Transactions

Clarete, Ramon L.; Trela, Irene; Whalley, John - 2021

This paper presents a general equilibrium approach to calculating labour adjustment costs induced by trade policy changes or external sector shocks, which we illustrate by analyzing the adjustment consequences of eliminating quotas and tariffs on U.S. imports. In our approach, factor adjustments...

Persistent link: https://www.econbiz.de/10013245717

International Trade and the Environment : A Framework for Analysis

Copeland, Brian Richard; Taylor, Michael Scott - 2021

This paper sets out a general equilibrium pollution and trade model to provide a framework for examination of the trade and environment debate. The model contains as special cases a canonical pollution haven model as well as the standard Heckscher-Ohlin-Samuelson factor endowments model. We draw...

Persistent link: https://www.econbiz.de/10013230175

Multilateral Trade Negotiations, Bilateral Opportunism and the Rules of GATT

Bagwell, Kyle; Staiger, Robert W. - 2021

Trade negotiations occur through time and between the governments of many countries. An important issue is thus whether the value of concessions that a government wins in a current negotiation may be eroded in a future bilateral negotiation to which it is not party. In the absence of rules that...

Persistent link: https://www.econbiz.de/10013230972

Trade Liberalization in General Equilibrium : Intertemporal and Inter-Industry Effects

Goulder, Lawrence H.; Eichengreen, Barry - 2021

This paper uses a dynamic computable general equilibrium model to simulate the effects of unilateral reductions by the U.S. in tariffs and "voluntary" export restraints (VER's). We consider 50 percent cuts in tariffs and in ad valorem VER equivalents, separately and in combination. The model...

Persistent link: https://www.econbiz.de/10013216870

Pro-Competitive Effects of Trade Reform : Results from a CGE Model of Cameroon

Devarajan, Shantayanan; Rodrik, Dani - 2021

How likely is trade liberalization to produce efficiency gains in the presence of imperfect competition, scale economies, and higher-than-average wages in the modern sectors -- all common features of developing economies? These features create a potential conflict to the extent that traditional...

Persistent link: https://www.econbiz.de/10013213435