This paper simulates output adjustments and income redistribution in Ecuador with the emerging Free Trade Agreement of the Americas (FTAA). The Specific Factors (SF) model of production is used to develop comparative statistics elasticities of changing prices on factor prices and output as...

This study examines the empirical hypothesis that there is a negative relationship between terms of trade instability and output growth. The instability in the terms of trade is measured by the price variance of three export commodities for Bolivia. Results confirm the hypothesis that terms of...

Purpose – The purpose of this paper is to illustrate the difficulties of implementing emiratization, a policy that aims at increasing the participation of native workers in the UAE private sector by means of a government mandate. A second objective of the paper is to explore the conditions...

Purpose – The purpose of this paper is to illustrate the difficulties of implementing emiratization, a policy that aims at increasing the participation of native workers in the UAE private sector by means of a government mandate. A second objective of the paper is to explore the conditions...

Purpose – This is a policy paper that analyzes the economic impact of mandated employment quotas for citizen workers among firms in the United Arab Emirates (UAE). The purpose of this paper is to demonstrate the nature of the efficiency losses associated with these quotas, and then explore a...

The Specific Factors model of production and trade with seven skilled labour categories and specific capital in three leading sectors of the Venezuelan economy is used to produce comparative static elasticities of changing prices on factor prices and output as a result of the emerging Free Trade...

A new measure of factor intensity and abundance from trade theory is utilized to predict potential trade and income redistribution between traditional and modern economies in the Gulf Cooperation Council. Differences in labor skill intensity and abundance suggest there will be substantial trade...

The EU-GCC Free Trade Agreement would likely cause price changes across industries with subsequent effect on output and factor price adjustments. With higher levels of trade, the rising income will be redistributed among winner and loser industries and factors of production. This paper simulates...