Trade, foreign direct investment and the existence of multinational enterprises are often analyzed in separate model, which are frequently based on mutually exclusive assumptions. The paper integrates several features of international economic exchange into one general equilibrium model. This...

The paper analyzes the effects of a source-based capital income tax on production and market structures, trade and capital flows as well as national and global welfare. The analysis is carried by means of a general equilibrium model of trade which incorporates international capital flows as well...

The paper analyzes the effects of increasing capital market integration on production and market structures, trade and capital flows as well as national and global welfare. In order to facilitate the analysis of the integration process, three stages of capital market integration are defined....