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This paper describes the World Trade Model, a linear program that determines world prices, scarcity rents, and international trade flows based on comparative advantage in a world economy with m regions, n goods, and k factors. The new model generalizes the World Model of Leontief et al. (1977)...
Persistent link: https://www.econbiz.de/10005484935
This paper describes an extension of Duchin's world trade model to include the explicit representation of transportation costs, permitting the endogenous determination of bilateral trade flows and region-specific prices. The original model is a linear program that, based on comparative advantage...
Persistent link: https://www.econbiz.de/10005484967
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People's quality of life depends on the social relationships of their everyday lives and the technological choices that affect them. These features are readily described within the framework of social accounting, provided that relevant categories of households, workers, and economic activities...
Persistent link: https://www.econbiz.de/10005278313
This article describes the contribution economists can make in uncovering energy choices capable of reducing carbon emissions on a global scale. All production and consumption activities involve the use of energy, and economists possess theoretical and analytic frameworks relating production and...
Persistent link: https://www.econbiz.de/10005417058
This paper evaluates the role of trade as mechanism of economic adjustment to the impacts of climate change on agriculture. The study uses a model of the world economy able to reflect changes in comparative advantage; the model is used to test the hypotheses that trade can assure that, first,...
Persistent link: https://www.econbiz.de/10005417062
One of the key areas for lifestyle change in the interest of sustainable consumption is the household diet. This paper identifies concrete scenarios for dietary alternatives to high calorie diets rich in fats and sugars, based on the specialized nutrition literature, that are likely to have...
Persistent link: https://www.econbiz.de/10005417066