for trade such that given standard assumptions about behavior under uncertainty, the equilibrium allocation would …

Traditional trade models ignoring the dimension of product quality generally lead to excessively low trade price … elasticities. In this paper, we show that higher estimated trade price elasticities, more in conformity with theory, can be … obtained by controlling product quality in trade equations. To do so, we have estimated trade equations including a product …

In this paper we examine optimal strategic trade p[olicy under oligopoly with many home and foreign firms when the … firms have different levels of efficiency and where a trade-off exists between the subsidy bill and firms profits. The first …

This paper studies the effect on Anglo-Irish trade breaking the link between the Irish pound and sterling in 1979. A … currency union. Nor did the resultant exchange rate volatility have a significant adverse effect on trade. These results do not … support the belief that currency unions result in increased trade flows, either directly or by reducing exchange rate …

cohesion countries - Greece, Spain, Portugal and Ireland. Trade integration, or economic union, is judged likely to promote …

Recent geography and trade empirical studies based on monopolistic competition [Hanson, 1998 ; Head and Ries, 1999 … ; Hummels, 1999], suggest high levels of trade price elasticities (between 3 and11). However, direct estimations of price …-elasticities in trade equations, using price indexes at aggregate or industry levels, lead to much lower values than those predicted …

his empirical study consists of an econometric test of the complementary effect of trade and education on long run … estimator of trade openness. Regressions are run on a long term panel data base (100 years, 10 OECD countries) reconciling the …