We apply a modified "gravity model" incorporating measures of factor endow- ments to analyze Japanese and U.S. bilateral trade flows and direct foreign invest- ment positions with a sample of around 100 countries for the period 1985-1990. Country features that our analysis takes into account are...

We develop a Ricardian trade model that incorporates realistic geographic features into general equilibrium. It delivers simple structural equations for bilateral trade with parameters relating to absolute advantage, to comparative advantage (promoting trade), and to geographic barriers...

The relative distribution of the populations of the top 40 urban areas of France and Japan remained very constant during these countries' periods of industrialization and uranization. Moreover, projection of their future distriubtions based on past growth indicates that their size-distributions...

This paper uses a 42-country model of production and trade to assess the implications of eliminating current account imbalances for relative wages, relative GDPs, real wages, and real absorption. How much relative GDPs need to change depends on flexibility of two forms: factor mobility and...

The troublesome debts of a number of developing countries have spawned a large literature on why countries borrow, on the extent to which debt contributes to growth, on why countries repay, and on how debt problems should be handled. This article provides a basic introduction to some issues in...