In recent years there has been a dramatic increase in the number of firms shifting stages of their production processes overseas. In this paper we investigate whether firms outsource the dirtier stages of production to minimise domestic environmental regulation costs - a process broadly...

This paper re-estimates the correlation between trade and business cycle synchronization. Different from other previous studies, we employ long-run GDP and trade data and use the GDP cross-correlation index a la Cerqueira and Martins (2009) rather than over-time cross-correlations. We find a...

We study a duopoly model of trade and its trade policy. The two country trade model to be discussed is the following. There are three goods (0,1 and 2). Good 0 is produced by perfectly competitive firms, and the good 1 and the good 2 are imperfect substitutes, each produced by a home and a...

This paper examines international trade in tainted food and other low-quality products. We first find that for a large class of environments, free trade is the trading system that conveys the highest incentives to produce non-tainted high-quality goods by foreign exporters. However, free trade...

The world is increasingly interconnected with each other in terms of goods, money, and labor (international migration). In view of the importance of international migration in recent years, the purpose of this paper is to analyze, somewhat rigorously, the economic impact of migration on sending...

The conclusions of the 1976 Kemp-Wan proposition are shown to be substantially valid even if all tariff vectors, both pre-union and post-union, are optimally chosen.

Although previous studies of the effect of imports on Japanese employment relied on relatively aggregate data, the variability among industries is substantial within each two-digit sector. This paper exploits recently available longitudinal data of 390 manufacturing industries and controls for...