In current economic reality, there seems to be a clear need to recognize, characterize and place small scale agriculture in a setup which accounts for novel trends in the modes of doing business in the global economy and with respect to the changing role of agriculture along development...

Distance and transfer costs determine the price received or paid by farmers in developing countries. High margins reduce the area over which food is marketed, often insulating regions and households from price signals. This reduction in price information may result in inefficient outcomes. This...

Official estimates tend to overstate the benefits of trade facilitation and ignore its costs. When all underlying assumptions are brought to light, expecting large gains appears unreasonable. At the same time, estimated employment benefits may easily turn into net losses. With fundamental...

According to its proponents, the Trans-Atlantic Trade and Investment Partnership will stimulate growth in Europe and in the US. Projections endorsed by the European Commission point to positive, although negligible, gains in terms of GDP and personal incomes. In a paradox, these projections also...

This paper assesses the effects of combining fiscal austerity with flexibilization policies aimed at reducing labour costs and increasing competitiveness. Core to our analysis is a global perspective where the aggregation problem is fully taken into account. We derive a stylized macroeconomic...