Based on static analysis, a number of studies argue that forming a regional trade agreement (RTA) is more likely to raise welfare if member countries are ?natural trading partners,? while other studies claim the opposite. This paper considers the argument from a dynamic viewpoint by examining...

Based on static analysis, a number of studies argue that forming a regional trade agreement RTA is more likely to raise welfare if member countries are ?natural trading partners,? while other studies claim the opposite. This paper considers the argument from a dynamic viewpoint by examining the...

With the 1967 reform, Canada?s immigration policy changed from a country-preference system to a points system. The latter provides points according to applicants? education level but abstracts from the quality of their education. This paper considers the points system (h), the country-preference...

The paper examines three aspects of the relationship between Migration, Investment and Trade (MIT). First, the paper first examines the impact of policy change in one MIT variable on the other MIT variables. It considers Mundell?s (1957) substitution and Markusen?s (1983) complementarity models...