This paper analyzes the relationship between trade policy and economic performance. The paper is divided in two … fundamental parts. The first one uses a cross country data set to investigate the relationship between trade policy and … factor productivity than countries with high trade barriers. In the second part the recent Latin American experiences with …

In this paper a model that analyzes the interaction between changes in commodity export prices, money creation …

misalignment and overvaluation. The effects of terms of trade shocks on the equilibrium real exchange rate are also investigated …

basic food prices and decrease some important export prices such as those for coffee and cotton. It appears that raising … alongside the standard terms of trade effect. I report here distortion effects which are many times larger" than terms of trade … terms of trade effect. In 2 other countries the distortion effect raises a trivial terms of trade effect up to around 1% of …

This paper examines the effect of a change in U.S. trade policy on the domestic investment of U.S. manufacturers. Using … uncertainty exhibit relative declines in investment after the change in trade policy. Within industries, we find that this …

This paper analyzes the role of investment policies in regimes undergoing trade liberalization with policy makers of …

direct investment by U.S. firms and the export trade of the United States, a subject of bitter controversy for at least the … last fifteen years. Changes over time in trade flows and trade balances are influenced by trends in productivity in the … changes, the effects of which on trade probably swamp any that might stem from changes in the level of direct investment, One …

. Agricultural trade flow elasticities then depend on comparative advantage, with larger-magnitude trade flow responses predicted …. This is in contrast to standard log-linear gravity models, which impose a restrictive pattern of trade flow elasticities … product-specific trade costs. This allows the model to analyze changes in the dispersion of trade costs across products. Such …

propose a model of agricultural trade with intermediation that explains how hold-up resulting from poor contracting …