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We study a simple, tractable model of labor adjustment in a trade model that allows us to analyze the economy's dynamic response to trade liberalization. Since it is a neoclassical market-clearing model, we can use duality techniques to study the equilibrium, and despite its simplicity a rich...
Persistent link: https://www.econbiz.de/10012775867
This paper discusses the likely evolution of the trade and environment issue in the World Trade Organization after the …
Persistent link: https://www.econbiz.de/10013234937
Several of the recently negotiated regional trade agreements (Canada-U.S., NAFTA, E.C.-Hungary/Poland/Czeck and Slovak Republics) contain significantly fewer concessions by the large countries to smaller countries than vice versa. Yet, it is small countries that have sought them and see...
Persistent link: https://www.econbiz.de/10012763469
This paper calculates international income transfers which implement a Pareto optimal trade equilibrium in a world …
Persistent link: https://www.econbiz.de/10013227885
, species extinction and industrial pollution were rising. Recently it has been intensified by the creation of the World Trade … hampered by the lack of a common language and also suffered from little recourse to economic theory and empirical evidence. The … international trade. We critically review both theory and empirical work to answer three basic questions. What do we know about the …
Persistent link: https://www.econbiz.de/10013322309
We study the determinants of comparative advantage in polluting industries. We combine data on environmental policy at the country level with data on pollution intensity at the industry level to show that countries with laxer environmental regulation have a comparative advantage in polluting...
Persistent link: https://www.econbiz.de/10013101512
has transformed the country from a negligible player in world trade to the world's second largest exporter, as well as a …
Persistent link: https://www.econbiz.de/10012757882
This paper reviews the history of bilateral trade negotiations between Taiwan and the U.S. The question posed at the outset is: does bilateralism enhance or jeopardize multilateralism? The U.S.-Taiwan experience seems to suggest a grossly negative answer. Bilateral negotiations for market...
Persistent link: https://www.econbiz.de/10013218908
This paper reviews the recent problems of the opening of Japan's rice market and evaluates the Japanese government's rice policy from both an economic and political viewpoint. The Japanese government made strenuous resistance to the opening of Japan's rice market during the negotiations on...
Persistent link: https://www.econbiz.de/10013248556
world agricultural prices. Reduced agricultural price distortions among major supplying nations are predicted to increase … food prices paid by food importers must be bad for them, while reducing world coffee and cotton prices appears bad for … exporters of those products. Appearances may be deceiving, however, since theory shows that a distortion effect operates …
Persistent link: https://www.econbiz.de/10013242905