Drawing on the neoclassical theory of international trade, this study investigates the limits of efficient diversification in low-income commodity exporting countries, and the fundamental importance of relative factor endowments for determining the commodity composition of international trade...

This paper investigates empirically the proposition that imports provide a competitive constraint, or discipline, on the price-raising ability of domestic producers. Estimates of the effect of changes in import competition (measured as changes in the ratio of the value of imports to the value of...