We carry out an indirect inference test of two versions of a computable general equilibrium (CGE) model of world trade …. One of these, the ‘classical’ model,is well-known as the Heckscher-Ohlin-Samuelson model of world trade, in which … countries trade homogeneous products in world markets and produce according to their comparative advantage as determined by …

The pre-eminence of trade and investment in the economic prosperity of developed and developing countries cannot be … overemphasized. Many studies have shown a strong positive impact of trade on economic growth across developed and the emerging market …. However, very little is known about the simultaneous effect of trade and investment on growth in SSA when institutional …

total production, the purchase and sales price, the incomes obtained from the sale and the trade balance on the main …Romania is a country with a high production potential for the vegetables and fruits, due in particular to the high … natural fertility of soils and to the climate diversity. Besides the favorable conditions for the production of fruits and …

This paper investigates Samuelson's (JEP, 2004) argument that technical progress of the trade partner may hurt the home …

This paper studies a Cournot duopoly in international trade so that the firms are exposed to exchange rate risk. A …

This paper reviews the most significant recent developments in the theory of trade agreements. The paper offers an … integrated approach to evaluating trade agreements, and uses the approach to present results on preferential and multilateral … trade agreements. The paper identifies also several questions for further research. -- trade agreements ; multilateralism …

Quantitative results from a large class of international trade models depend critically on the elasticity of trade with … respect to trade frictions. We develop a simulated method of moments estimator to estimate this elasticity from disaggregate … price and trade-flow data using the Ricardian model. We motivate our estimator by proving that the estimator developed in …

This paper explores the quantitative consequences of transatlantic trade liberalization envisioned in a Transatlantic … Trade and Investment Partnership (TTIP) between the United States and the European Union. Our key innovation is to develop a … new quantitative spatial trade model and to use an associated technique which is extraordinarily parsimonious and tightly …

's per capita income and the extensive margin of bilateral trade. The underlying mechanism is based on the fact that agents … therewith the extensive margin of trade. We formalize this intuition by incorporating preferences that allow for binding non … expenditures and aggregate values of bilateral trade flows and find that the behavior of the model's extensive margin of bilateral …