This paper examines the employment effect of devaluation in a model with a nontraded good and a black market for foreign exchange. The disaggregative approach reveals, in contrast to an earlier one-sector analysis, that overall employment may change even if the exchange control is such that...

In this paper, we take into account that different types of pollutants (both local pollutants like SPM and global pollutants like CO2) are generated during a production process. We consider a two-country framework with one firm in each country and strategic interaction between them A dirty good...

Part I: Globalization, Input Trade and Sanyal’s Contribution to Trade Theory -- Chapter 1: Middle Products Revisited -- Chapter 2: Competition Policy vs. Industrial Policy -- Part II: Trade, Technology and Increasing Returns -- Chapter 3: Protectionism and Increasing Returns -- Chapter 4:...

This book deals with the impact that international trade is likely to have on the skilled-unskilled wage gap in a typical developing economy. This is the first theoretical monograph on this particular issue which has already generated substantial debate and voluminous work for the developed...

This paper explores the possibility of international technology transfer in lieu of trade in a model with absolute and comparative advantage. Countries having absolute advantage in producing a good may offer that technology to a possible trading partner against a fee and both the countries might...