Estimation of bilateral trade elasticities is less well documented than is the case for aggregate trade flows. This study estimates bilateral trade equations for Mexico and the United States. The empirical analysis is carried out using an error correction approach that allows imports and exports...

In its latest annual report, of which this is an extract, the Productivity Commission responds to current misconceptions about globalisation and the World Trade Organization (WTO). The Commission notes that, among other trends, there has been a five-fold increase in average per capita income...

This paper analyzes the trends and fluctuations of the price and real indexes of Brazilian and Argentine exports and imports in 1980-2002. The analysis uses quarterly data and obtains the trend and fluctuations by applying either the Hodrick-Prescott or the band-pass filter (with periodicity...

H. Gürak’ýn “ekonomik büyüme ve küresel ekonomi” kitabýndan

This paper examines Foreign Direct Investment in the presence of labour unions. An oligopoly model is developed in which identical firms locate in a host country in order to export to a foreign country. These firms are unionised and compete with foreign firms on the foreign market. We consider...

Still, globalisation and its effects on wages and employment is a major topic in the public press. Therefore, this article provides an overview of popular models studying the effects of an intensified international trade on the domestic labour markets in presence of imperfections on the latter....

This paper constructs a model of bilateral trade negotiations in the presence of political risk to demonstrate that unilateral trade liberalization may be an optimal policy for a large country. The political risk takes the form of domestic opposition to trade agreements. Unilateral...

Conventional wisdom has it that the Mexican crisis of 1994-95 was "the first financial crisis of the 21st century." In this paper I argue that it may be better understood as the last financial crisis of the 19th. The crisis in Mexico exhibits striking similarities to the Baring Crisis of 1890,...