Development and convergence is explained as the transfer of technology embodied in machinery, to the manufacturing sector of those developing countries that institute the necessary property rights. The process is modelled within a Heckscher-Ohlin-Samuelson framework with capital mobility and...

Previous empirical studies have found the gains from international policy coordination to be small relative to the imprecision with which policy can be framed. This paper investigates whether there are larger gains to strategic behavior (interpreted as Nash noncooperative equilibria), as...

This article considers the impact of minimum wage legislation on wages, employment and gross domestic product. Using the Liverpool quarterly model of the UK to calculate the total effects in the economy, the authors suggest that unemployment would increase along with the real wages of low paid...

_Ref337633482 -- Ref_XBasel%3Areprcb -- Ref_XGoodhartC%3Afisbsc -- Ref_XTurnerA%3Aturnrr -- Ref_XCihakM%3Acasebc -- Table 1 Estimates of tariff equivalents on manufactured goods resulting from all trade barriers (in per cent) -- Table 2 Effects of UK and EU tariff of 10 per cent on agriculture...