This paper draws on the neoclassical theory of international trade to examine the limits of efficient export diversification in low-income, commodity-exporting countries. It demonstrates the fundamental importance of relative factor endowments among countries for determining the commodity...

This paper presents a simple partial equilibrium framework for considering the economic implications of administered protection in Tanzania, against the background of the country`s parallel exchange market and the establishment of the own-funds and open general license (OGL) facilities for...

This paper presents a simple partial equilibrium framework for considering the economic implications of administered protection in Tanzania, against the background of the country’s parallel exchange market and the establishment of the own-funds and open general license (OGL) facilities for...