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Applying Atkeson and Kehoe's (2000) dynamic model to the dynamic Chamberlin-Heckscher-Ohlin approach, we examine the role of the timing of development (e.g., the removal of trade barriers) as a determinant of trade patterns.
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We examine the role of radical international differences in preferences in determining patterns of international trade, given that the trading countries share a common technology and identical factor endowment ratios. It is characteristic of our model that the equilibrium autarkic commodity...
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PTAs are generally negotiated without any tariff concessions or transfers to non-member countries. Can such a PTA benefit the neighbors' welfare? In a two-good competitive equilibrium model in the absence of an entrepôt, a PTA without concessions to the outside will hurt the outsider's welfare...
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