Tariffs on imported energy alter production and redistribute income. The present paper examines a small open economy producing two traded goods with capital, labor, and imported energy. A tariff reduces import and domestic factor income but payment to one domestic factor rises. Energy intensive...

A factor proportions model examines the effects of falling energy input and its rising price in the US economy based on a novel production function motivated by the definition of physical work. This physical production function specifies separate interaction of energy and labor with capital,...

This paper investigates the effects of the real exchange rate and income on US tourism export revenue and import spending with quarterly data for the floating exchange period from 1973 to 2010. Separate estimates of export revenue and import spending functions prove more revealing than estimates...

This article estimates the effects of state economic incentives during the 1980s and interprets results in the context of a general-equilibrium specific-factors model of production. The issue is whether investment incentives had a net positive impact on manufacturing value added because...

This paper examines the relationship between democracy and economic growth in Nigeria. We find no sizeable variations in economic growth as a result of changes in economic freedom. Political freedom, however, enhances economic growth. The results also suggest that while increases in capital...

This note looks at the time series evidence of the effect of NAFTA on Alabama tomato production using data up to the start of NAFTA to predict the trend in its absence. The time series is stationary with a constant mean and variance. An autoregressive model with one lag makes the forecast...

This paper examines the impact in Morocco of its pending free trade agreement with the US in a specific factors model with unemployment and energy imports. Projected price scenarios across eight industries lead to adjustments in outputs, energy imports, rural wages, urban wages, and the...

This paper examines elasticity of substitution among electricity, labor and capital in U.S. manufacturing industry, using cross section data of 2007. In this analysis, Manufacturing industries were categorized into three categories based on input use and technology. Translog homothetic and...

The effects of exchange rates and risk on major commodity exporters are examined in markets constructed from the top five importers and top three exporters from 1961 to 2000. Depreciation typically stimulates exports but the impacts vary considerably. Exchange risk has virtually no negative...