Product variety has played a central role in models of trade and growth. Classical trade theory postulates that the elimination of trade barriers improves welfare by reducing the wedge between domestic and import prices as well as the ensuing deadweight loss. An entirely different reason for the...

Within this paper, we discuss problems and solutions of integrating intertemporal trade into an economy-energy-environment model. Modeling intertemporal trade provides additional flexibility in achieving economic development as well as environmental sustainability targets, that likely...

The puzzle of Feldstein and Horioka (1980) stems from the early eighties: the authors identified the correlation between a country's savings-to-GDP and investment-to-GDP ratio as a measure of international capital mobility. By using a cross-section analysis they concluded that the long-awaited...

Due to membership process, the European Union (EU) is the principal trade partner of Turkey. It has concentrated more than half of its total trade flows with EU countries since the II. World War. However, along with emerging of new markets in Asia, Turkey engaged in developing economic ties with...

COP17 in Durban revealed once again the general willingness to commit to the 2°-target and the difficulty to reach an international Post-Kyoto agreement until 2015. There is strong evidence from model-based analysis that economic costs of reaching the 2°-target will be below global GDP growth...

The WIOD database allows for improved empirical analysis on a wide range of important environmental research questions. In this paper we demonstrate the scientific potential of the WIOD database and give answers for very urgent policy questions on the impacts of international trade and...

In the article, valuing of the existing situation of export multiplication in the Azerbaijan Republic has been analyzed. Non-oil sector has not enough pay in the general export of country that enables us to say that there stıll exıst bıg problems. Although non-oil sector has a high export...

We focus on recent differences in export performance of transition countries and use recent research on trade facilitation policies and new data on export costs to examine the effect of domestic export costs and external costs to markets on the exports of transition countries. At the same time,...

In this paper we estimate the benefit for the ageing North countries of diversifying some of its trade away from the other North countries in favour of the South countries. To this end we use a six-region overlapping generations model that takes into account the demographic trends of the 21st...

CGE models are a widely used and accepted technique for policy evaluation and impact analysis. The modeling technique is especially useful in the analysis of trade reforms, tax reforms, energy sector reform and development policy analysis. However, the results of such models are often argued to...