This paper examines the composition of China's trade from 1980 to 1996, with a focus on agriculture and a view towards understanding its changing structure relative to other sectors. We analyze the time series behavior of individual goods at the SITC three-digit level, categorized into three...

It has been shown in new trade theory that trade taxes/subsidies may be optimal in the case of oligopolistic markets. This result has relevance for international commodity markets because there is growing evidence of imperfect competition in commodity trade. However, it has also been...

Foreign direct investment (FDI) have become a more dominant form of international trade in a more globalized world. This paper investigates the question of whether FDI and trade are substitutes or complements. In the context of a generally applicable model, the focus is on the processed food...

In the policy arena, there is a demand for "trade distortion indicators", but many of the traditional indices are difficult to compute and interpret. Recent developments in the literature have led to a new indicator: the Trade Restrictiveness Index (TRI). This paper analyzes some problems...