This paper investigates the impact of a 4% Hicks-neutral technical progress in heavy manufacturing in the United States and its trans-border spillover via intermediates. A three-region, six-traded-commodity computable general equilibrium model is numerically simulated to show that differentials...

Using a comparative-static general equilibrium model in the context of the Western Hemisphere, this paper compares the economic effects of a “hub-and-spokes” type of bilateral trade configuration (with Chile being the hub) with those of a more comprehensive regional FTA (namely, the FTAA)....