We develop a model to analyse the implications of firing costs on international specialization.

We address the issue of social distribution of an aggregate risk (on agricultural export price), in a macro-economic perspective. Individual incomes in representative social groups are computed as a function of export prices, which are assumed to be stochastic, using an applied general...

This paper considers a dynamic North South model of international trade and innovations in which firms can endogenously bias the direction of technological change. We show that, when there is a differential degree of protection of property rights between the two regions, innovating firms face a...

The paper presents a brief review of recent work that focuses on the normative economics of international trade. In an Heckscher Ohlin - like economy, with skilled and unskilled workers, the available redistributive tools, (that include income taxation) are not powerful enough to allow the...