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Persistent link: https://www.econbiz.de/10012274564
We develop a simulation model of world crop markets that is based upon Ricardian comparative advantage. We apply the model to twenty-three countries and provide measures of the degree of globalization in this sector, the gains from trade, and the elasticity of trade volumes to trade costs. The...
Persistent link: https://www.econbiz.de/10008675523