trade. Utility-maximizing agents opt between careers in specialized production and careers in predation. Three types of … security. Since changes in security have terms of trade effects, some producers may be hurt by enhanced security. We show cases …

decades. We argue that pervasive skill biased technological change rather than increased trade with the developing world is …

This paper presents a dynamic general equilibrium model of trade between two advanced countries in which both …-South) trade explanation for increasing relative wage inequality. A global reduction in trade barriers increases R&D investment and … upgrading, if and only if R&D is the skill-intensive activity relative to manufacturing of final products. Trade liberalization …

trade performance of the two countries with emphasis on different patterns of trade with respect to goods of varying …