This paper applies the infra-marginal analysis, which is a combination of marginal and total cost-benefit analysis, to a model with both constant returns and increasing returns in production and with exogenous and endogenous comparative advantages. It demonstrates that as transaction conditions...

At the turn of the millenium, most of the APEC countries have embarked upon an ambitious plan for open multilateralism. Using an 18-region, 16-sector dynamic computable general equilibrium (CGE) model of the global economy, we evaluate the effects of APEC trade liberalization on member-country...

We show that even under socially constant returns to scale indeterminacy, i.e., a continuum of dynamic general equilibrium paths converging to a common steady state, can arise in a dynamic Heckscher-Ohlin model with production externality and endogenous time preference in which production is...

This paper connects a traditional topic in trade theory with a new topic in economic dynamics in a simple two(-country) by two(-good) dynamic general equilibrium (dge) model by showing that the transfer paradox, or the donor-enrichment and recipient-impoverishment transfer, is possible if and...

The World Trade Organization (WTO) creates new challenges for the Canadian Healthcare system arguably one of the most "socialized" systems in the world today. In particular, the WTO's enhanced trade dispute resolution powers, enforceable with sanctions, may make Canadian healthcare vulnerable to...

This paper looks at the interaction between two firms based in different countries, each which faces the export v MNE choice concerning the servicing of the other's home market. Firms also have a choice over investment in a new technology which allows a corporate wide reduction in variable costs...

The main purpose of this short analysis is to present an overview of the main developments of the CAP and to outline its prospects beyond the turn of the century taking into account the enlargement of the European Union and the negotiations with the World Trade Organisation (WTO).

In Irish manufacturing, the foreign sector accounts for about one half of employment and some 60 per cent of gross output. The Irish experience therefore provides us with a textbook case study of the effects on an EU host economy of export-oriented FDI. We explore in this paper the structural...