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A specific factors model of 458 US manufacturing industries simulates the effects of eliminating manufacturing tariffs on unskilled and skilled wages. The model assumes constant elasticity substitution, industry-specific capital inputs, and mobile unskilled and skilled labor. Tariff elimination...
Persistent link: https://www.econbiz.de/10005024267
European Union policies effectively prohibit the production and consumption of genetically modified agricultural products. This paper examines the prohibition's effects on research and development, innovation, trade flows, and economic growth using a Heckscher-Ohlin-Samuelson trade model with a...
Persistent link: https://www.econbiz.de/10005695180