Does international trade help or hinder the economic development of border regions relative to interior regions? Theory tends to suggest that trade helps, but it can also predict the reverse. The question is policy relevant as regions near land borders are generally poorer, and sometimes more...

This paper introduces an alternative indicator to evaluate the external sector behavior of a country or region. The objective of this indicator, titled 'The External Sector Vulnerability Monitoring Index' (henceforth ESVM) (λ), is to offer policy-makers and researchers a new analytical tool to...

This paper develops a two-country, general equilibrium model of oligopoly in which the degree of horizontal product differentiation is endogenously determined by rms' strategic investments in product innovation. Consumers seek variety and product innovation is more skill intensive than...

There are two different opinions about India’s import liberalization surfaced in the recent global financial crisis era. Some expressed India to be one of the highest trade restrictive economies and others appreciated India for lowering import tariffs and making trade free. This empirical...

The impact of trade liberalization on poverty and income distribution has gained attention for policy makers and researchers more than three decades. The empirical result of the impact of trade liberalization on poverty and income distribution is mixed. It was highly depended on characteristics...

Economic integration is nowadays likely to be larger in major economies around the world, especially among the ten active countries in the Southeast Asia. The purpose of this study is to investigate the impacts of the possible trade agreement between the ASEAN and its current FTA partners as...

A model of heterogeneous firms with variety-specific fixed costs is developed and analyzed to study how multiproduct firms respond to globalization. In contrast with most existing models, the analysis demonstrates that more-productive firms may expand their product scope, which in turn may push...

Recently, Asian and Latin American countries have engaged in a series of negotiations to liberalize trade and investment flows. This paper analyzes the potential impact of a free trade agreement (FTA) between countries of both regions, applying a world dynamic general equilibrium model (MIRAGE)....

We study the response of regional employment and nominal wages to trade liberalization, exploiting the natural experiment provided by the opening of Central and Eastern European markets after the fall of the Iron Curtain in 1990. Using data for Austrian municipalities, we examine differential...

The GATT/WTO Article XXIV prevents a customs union (CU) from raising its common external tariff. In this paper, we compare CU formation with and without this Article XXIV constraint. We show, in a multi-country oligopoly model, that for a given CU structure, Article XXIV improves world welfare...