In the standard Heckscher-Ohlin model, trade and migration are substitutes (that is, migration decreases with trade liberalization). The authors add four factors to the standard Heckscher-Ohlin model: labor skill levels (skilled or unskilled), international labor mobility, migration costs, and...

"Many natural resources can be effectively exploited mainly by using capital-intensive technologies. We develop a bargaining model with endogenous inside and outside options to analyze the interactions between local communities having at least some degree of informal claims over natural...

This paper shows that the theory of circular causation as stated by Myrdal can be ast in a rigorous microeconomic neoclassical model. In doing this, Myrdal's theory of equilibria is extended by showing that existence of stable and unstable types of equilibria and the conditions under which easy...

The author's model demonstrates that when imports are predominantly intermediate inputs - as they are in most developing countries - import restrictions can not always be relied upon to improve the trade balance. Such restrictions act as a supply shock to the economy. Unless nontraded goods are...

The author of this report provides cross-country empirical evidence on the relationship between trade and macroeconomic policy and economic growth. He finds that countries following sustainable strategies perform better than those following unsustainable strategies. Indeed, unsustainable...

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