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Using both the onset of the US-China trade war in 2018 and the most recent Russia-Ukraine war and associated trade …
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sanction crisis. In addition, labor income increases while the capital income falls in response to oil sanctions in Iran. These … simulations are in line with re ality of the Iranian economy in post-oil sanction period. …
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This article presents an applied general equilibrium model which combines the theoretical foundations of an Eaton-Kortum type model of international trade with the complexity of a global multi-region, multi-sector Computable General Equilibrium (CGE) model of production and consumption. The...
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Analysis Project (GTAP) with 27 sectors and 51 regions. The paper shows: (i) role of trade-mediated productivity benefits for …
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Analysis (GTAP) and the World Trade Organization (WTO). The model can be used to generate global trade projections and to … recursive dynamic extension of the static GTAP model (Corong et al., 2017), and implements a parsimonious approach to … incorporate monopolistic competition - i.e., Eithier-Krugman or Melitz-type firm heterogeneity - in the standard GTAP model …
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Economic sanctions are a frequent instrument of foreign policy. In a diplomatic conflict, they aim to elicit a change in the policies of foreign governments by damaging their economy. However, sanctions are not costless for the sending economy, where domestic firms involved in business with the...
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