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This paper constructs a general quilibrium trade model of a small open economy producing an exported good, an imported … good and a non-traded good by using two or more factors of production, one of which, namely capital, is imperfectly …
Persistent link: https://www.econbiz.de/10008619414
Over recent decades, Australia’s trade has become increasingly oriented toward east Asia (excluding Japan). Rapid …, this article examines the characteristics of both intra-regional trade and exports to economies outside the region. …
Persistent link: https://www.econbiz.de/10009146686
lessons that Fortin draws from the Irish economic miracle are: support free trade and investment; develop business …
Persistent link: https://www.econbiz.de/10005518962
At a time when there is a serious debate about reforming the international financial architecture, it is important to understand how existing multilateral agencies affect financial flows to emerging and less-developed countries. This paper extends past research - which has focused on the...
Persistent link: https://www.econbiz.de/10005475925
Purpose – The purpose of this paper is to expand and further pursue the quest on value transfer in trade. The reason is … that the assessment of the cause, the source and the mechanism of value transfer in trade may reveal the rationale upon … economic tradition and particularly on the notions of regulating capital and dominant technique, whose interface forms the …
Persistent link: https://www.econbiz.de/10014805767
Persistent link: https://www.econbiz.de/10009752619
We develop a multi-period market model describing both the process by which traders learn about their ability and how a bias in this learning can create overconfident traders.
Persistent link: https://www.econbiz.de/10005245279
The systems aspects of Austrian economic thought pertaining to the process of competition deserve a prominent place in modern economic thinking. The paper illustrates the differences between the Austrian view of competition as an evolutionary process, and the neoclassical emphasis on determining...
Persistent link: https://www.econbiz.de/10005245375
Empirical work relating trade liberalization and income distribution has identified an important anomaly. The Stolper …-Samuelson theorem predicts that trade liberalization will shift income toward a country's abundant factor. For developing countries …
Persistent link: https://www.econbiz.de/10005245575
Persistent link: https://www.econbiz.de/10005245673