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This paper surveys the literature on the relationship between international trade in goods and the factors and the environment. Traditional approaches based on the HEckscher-Ohlin trade model and more recent models looking at non-competetive market structures are discussed. Moreover, the paper...
Persistent link: https://www.econbiz.de/10010319328
Persistent link: https://www.econbiz.de/10010319336
We develop a general equilibrium model of trade with multiple countries and industries in the spirit of Eaton and Kortum (2002) and Bernard, Eaton, Jensen, and Kortum (2003). We structurally estimate the parameters of the model and calibrate it to data on 33 OECD countries and one country that...
Persistent link: https://www.econbiz.de/10010319721
The theory of the firm suggests that firms can respond to poor contract enforcement by vertically integrating their production process. The purpose of this paper is to examine whether firms' integration opportunities affect the way contract enforcement institutions determine international trade...
Persistent link: https://www.econbiz.de/10010320206
The recent literature on the duration of trade has predominantly analyzed the determinants of trade flow durations using Cox proportional hazards models. The purpose of this paper is to show why it is inappropriate to analyze the duration of trade with continuous-time models such as the Cox...
Persistent link: https://www.econbiz.de/10010320319
The theory of the firm suggests that firms can respond to poor contract enforcement by vertically integrating their production process. The purpose of this paper is to examine whether firms' integration opportunities affect the way institutions determine international trade patterns. We find...
Persistent link: https://www.econbiz.de/10010320321
A prevalent feature of the global economy is the relevance of trade in intermediates due to production fragmentation. This phenomenon has led to the revival and development of trade models that include inter-industry relations. A wide variety of Ricardian trade models cope with this feature. In...
Persistent link: https://www.econbiz.de/10014545963
One of the fundamental normative questions within international trade theory is whether free trade is better than autarky and, if so, in what sense and to what extent. Surprisingly, the literature contains just a few formal models constructed under discrete time and investigating the...
Persistent link: https://www.econbiz.de/10009452613
Die jungen Marktwirtschaften der Staaten Mittel- und Osteuropas streben nach der Mitgliedschaft in der Europäischen Union.Bereits im April 1998 werden erste Beitrittsverhandlungen mit fünf Ländern aus der Region beginnen. Die ökonomischeProblematik einer Integration der Reformländer in den...
Persistent link: https://www.econbiz.de/10009471908
We construct a two-good general equilibrium model of international trade for two small open economies where pollution from production is transmitted across borders. Governments in both countries impose emission taxes non-cooperatively. Within this framework, we examine the effect of trade...
Persistent link: https://www.econbiz.de/10010261283