Sources of growth in U.S. gross domestic product (GDP) are analyzed in a general equilibrium, open economy framework using time-series data. Contributions from labor and capital account for 75% of the economy’'s average growth, with total factor productivity (TFP) accounting for the remainder....

Sources of growth in U.S. gross domestic product (GDP) are analyzed in a general equilibrium, open economy framework using time-series data. Contributions from labor and capital account for 75% of the economyÂ’'s average growth, with total factor productivity (TFP) accounting for the...

As growth in world trade outpaces the growth in world Gross Domestic Product (GDP), economies are becoming ever more linked through world markets (Helpman, 1998). It is evident that U.S. agriculture is also becoming increasingly affected by changes or economic shocks in world markets and that...

The effect on production, trade and well-being from the granting of market access, removing export subsidies, and eliminating trade-distorting forms of direct support to farmers in WTO member countries is analyzed from a world-wide general equilibrium perspective using the most recently...

Many of the import competing sectors in Moroccan agriculture are protected while water in irrigated agriculture is priced below its marginal value product. Establishing a water market in this pre-trade reformenvironment can be welfare decreasing. Further, as the shadow price of water is...

The effects of environment on trade and welfare are analyzed in a modifiedHeckscher-Ohlin framework using a quasi-homothetic preferences to account for differences incountries' expenditure shares on health. Three types of pollution, local-disembodied, global-disembodiedand embodied, result as a...