Mathematical formulations of Frank D. Graham’s theory of multicountry multicommodity trade have not provided … numerical methods for finding the world trade equilibrium. Graham was in possession of such methods but his writings do not … reveal what they were. This paper proposes an algorithm for finding Graham’s world trade equilibrium. Modifications to the …

The paper aims at reconciling theoretical models of endogenous growth with the empirical evidence on trade and growth …. In particular, we show that the conventional wisdom according to which trade is growth-impairing for a country with …

, employment, export partners' growth and terms of trade to estimate price and income elasticities of export demand, total … relating them to various strands of trade and growth literature. Based on the results of this estimation, we also calculate … steady-state growth rates, engine and handmaiden effects of growth as well as the dynamic steady-state gains from trade for …

, employment, export partners' growth and terms of trade to estimate price and income elasticities of export demand, total … relating them to various strands of trade and growth literature. Based on the results of this estimation, we also calculate … steady-state growth rates, engine and handmaiden effects of growth as well as the dynamic steady-state gains from trade for …

Transaction costs are a major reason why international trade flows are much smaller than traditional trade theory would … suggest. Trust between trading partners lowers transaction costs and may therefore enhance trade. The empirical analysis of … this paper shows that more trust leads to more trade so that part of the mystery of missing trade can be attributed to the …