When Akira Takayama passed away this winter, the economics profession lost one of its most productive and most passionate members. This memoir catalogues Professor Takayama's publications and offers some insight into his contributions and personality from a few of his colleagues. Copyright 1996...

A specific factors model of 458 US manufacturing industries simulates the effects of eliminating manufacturing tariffs on unskilled and skilled wages. The model assumes constant elasticity substitution, industry-specific capital inputs, and mobile unskilled and skilled labor. Tariff elimination...

Foreign investment has proven essential for economic growth and the present paper connects it explicitly to the capital stock in the neoclassical growth model. The assumption in the literature of perfect foreign investment implies no distinction between domestic and foreign capital. In the...

"This text integrates trade theory and open economy macroeconomics with straightforward diagrams and numerous examples. The emphasis is on the gains from competitive trade and the limits of policy. Economics began with the political debate over import tariffs in England. Tariffs lead to net...

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 influence of data aggregation on applied trade theory may not be generally appreciated. Aggregation can have a direct impact on the direction of trade, factor intensity, factor abundance, factor substitution, product differentiation, and intra-industry trade. This paper develops some...