An R&D based endogenous growth - applied general equilibrium model is developed from an underlying analytical model which combines Romer's capital variety with Grossman and Helpman's multi-sector open economy model. The transitional dynamics of the analytical model are derived. For numerical...

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...

This paper focuses on estimating the effects of the real FDI-weighted exchange rate on realU.S. foreign direct investment (FDI) in the global processed food industry. We use a straightforwardproduction possibility framework as our theoretical basis to demonstrate the shift ofproduction between...

While economic growth has lifted more people from poverty than in any prior period, world market shocks of the 1970s and 1980s have caused a massive realignment in country policies, and future growth in population and income are expected to place heavy burdens on world resources. Recently, it...

Agricultural trade barriers and producer subsidies inflict real costs, both on the countries that use these policies and on their trade partners. Trade barriers lower demand for trade partners' products, domestic subsidies can induce an oversupply of agricultural products which depresses world...

The role of international trade in the new growth theory is investigated from several perspectives. Following a historical outline and a brief analytical sketch of the R&D based models, the results from fitting three structural models to data are presented. Results show the relative impacts on...