This paper analyzes the effects of tariffs in an intertemporal optimizing framework emphasizing the role of capital accumulation. Unanticipated permanent, anticipated temporary, and anticipated permanent increases in the tariff rate are considered. In all cases, the introduction of a tariff is...

We analyse the effects of rainfall and temperature on yields of paddy and millets (pearl millet and sorghum) in India for the period 1966–1999, at the district level. Unlike other studies, we control for fertiliser use and irrigation. We find that paddy (India's leading food crop) is sensitive...

This paper analyzes the effects of both a permanent and a temporary deterioration In the terms of trade on a small open economy. The model, based on intertemporal optimization, emphasizes the labor-leisure choice and the role of capital accumulation There are two main conclusions to be drawn...