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This paper explores the possibility of international technology transfer in lieu of trade in a model with absolute and comparative advantage. Countries having absolute advantage in producing a good may offer that technology to a possible trading partner against a fee and both the countries might...
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The path breaking work of Card and Krueger (1993), showing higher minimum wage can increase employment turned the age-old conventional wisdom on its head. This paper demonstrates that this apparently paradoxical result is perfectly plausible in a competitive general equilibrium production...
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Part I: Globalization, Input Trade and Sanyal’s Contribution to Trade Theory -- Chapter 1: Middle Products Revisited -- Chapter 2: Competition Policy vs. Industrial Policy -- Part II: Trade, Technology and Increasing Returns -- Chapter 3: Protectionism and Increasing Returns -- Chapter 4:...
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