In the strategic trade policy literature, the firms typically make positive profits at equilibrium policy levels. We show that this is not always true when firms from the developed (North) and developing (South) countries compete in the Northern market. In particular, the South firm may be...

Globalisation is a highly controversial topic. Despite its potential for accelerating growth and reducing poverty (to which most policy makers and economist would agree) objections are often expressed about the position of developing countries, and a number of damaging side-effects of the...

This paper shows the evolution of production, domestic demand and imports and exports of alcoholic beverages between 1995 and 2009. These variables are given for beer, malt and distilled and non‐distilled alcoholic beverages as well as some non‐alcoholic beverages. The paper shows the...

We study the causal relation between private wealth and retirement age. We propose two estimation strategies based on expected retirement age. The outcome variable is observed repeatedly over time. We correct first for the unobserved heterogeneity in the disutility of work by using panel data...