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Seasonal Fluctuations and International Trade

Kaneda, Mitsuhiro; Mehrez, Gil - EconWPA - 1998

This paper argues that seasonal fluctuations in international trade are large and have non-trivial effects on a country's resource allocation, production, and welfare. Using U.S. quarterly data, we find fluctuations of as much as 43% and 15% for apparel imports and exports respectively, and 7%...

Persistent link: https://www.econbiz.de/10005119255

Trade, Turnover, and Tithing

Magee, Christopher; Davidson, Carl; Matusz, Steven - EconWPA - 2005

This paper examines the hypothesis that turnover affects trade preferences. High turnover industries are similar to the Stolper- Samuelson assumption of perfect factor mobility, so factor of production drives trade preferences. Among low turnover industries, as in the specific factors model, net...

Persistent link: https://www.econbiz.de/10005119262

Critical Realism and the Political Economy of the Euro

Arestis, Philip; Brown, Andrew; Sawyer, Malcolm - EconWPA - 2002

This paper is concerned with two issues. First, it discusses some of the main problems and inferences the methodological approach of critical realism raises for empirical work in economics, while considering an approach adopted to try to overcome these problems. Second, it provides a concrete...

Persistent link: https://www.econbiz.de/10005412553

Factor Endowments, Trade Direction, and Growth Performances of the Americas and East Asia in the Nineteenth and Twentieth Centuries

Lai, Hongyi Harry - EconWPA - 1997

Factor-endowment based trade with the leading economy helps to explain the differing development performances of the Americas and East Asia in the past two centuries. Between 1830 and 1945, labor-abundant Britain, the most advanced country, traded heavily with land-abundant countries in the...

Persistent link: https://www.econbiz.de/10005062412

Trade Reforms in a Global Competition Model: the Case of Chile

Opromolla, Luca David; Irarrazabal, Alfonso - EconWPA - 2005

We use a global competition model of international trade to characterize the effects of trade reforms occurred in Chile at the end of the 70s. We calibrate the model and evaluate its results using a comprehensive plant-level dataset for the period 1979-96. The model is able to explain many of...

Persistent link: https://www.econbiz.de/10005062643

Some Fundamental Inadequacies of the Washington Consensus: Misunderstanding the Poor by the Brightest

Woo, Wing - EconWPA - 2004

The Washington Consensus suffers from fundamental inadequacies, and that a more comprehensive framework of the economic process is needed to guide the formulation of country-specific development strategies. The following five propositions summarise the set of interrelated arguments made in this...

Persistent link: https://www.econbiz.de/10005556001

On Theories Explaining the Success of the Gravity Equation

Evenett, Simon J.; Keller, Wolfgang - EconWPA - 1996

models can generate this prediction, we tackle the model identification problem by conditioning bilateral trade relations on … the Heckscher-Ohlin model generate specialization of production and the Gravity Equation, and it predicts inter-, not … endowment differences, making the perfect specialization version of the Heckscher-Ohlin model an unlikely candidate to explain …

Persistent link: https://www.econbiz.de/10005556430

Cultural Effects of Trade Liberalization

Suranovic, Steven M.; Winthrop, Robert - EconWPA - 2005

We incorporate culture into a standard trade model in two distinct ways. In the ¡°cultural affinity from work¡± model, workers receive a non- pecuniary cultural benefit from work in a particular industry. In the ¡°cultural externality¡± model, consumers of a product receive utility from...

Persistent link: https://www.econbiz.de/10005556454

Comparative Statics, English Auctions, and the Stolper-Samuelson Theorem

Echenique, Federico; Manelli, Alejandro - EconWPA - 2003

Changes in the parameters of an $n$-dimensional system of equations induce changes in its solutions. For a class of such systems, we determine the qualitative change in solutions given certain qualitative changes in parameters. Our methods and results are elementary yet useful. They highlight...

Persistent link: https://www.econbiz.de/10005556738

Inappropriate Technology

Fernandes, Ana; Kumar, Krishna B. - EconWPA - 2003

In this paper, we investigate incentives other than altruism that developed countries have in improving technologies specific to developing countries. We propose a simple model of international trade between two regions, in which all individuals have similar preferences over an inferior good and...

Persistent link: https://www.econbiz.de/10005118686