economics to show how trade, markets, and the Pax Romana were critical to ancient Rome's prosperity. Peter Temin, one of the … encouraged trade around the Mediterranean, and how Roman law promoted commerce and banking. Temin shows that a reasonably vibrant … Ancient History -- Part I: Prices -- Introduction: Data and Hypothesis Tests -- 2. Wheat Prices and Trade in the Early Roman …

recycling firms to compensate for the savings in disposal costs. We study trade between resource poor economies exporting final … goods, and resource rich countries exporting raw materials. We find rich welfare effects of trade policy with non …-trivial interactions between terms of trade effects and distortions in recycling and resource extraction. …

deterioration in the terms of trade associated with falls in the relative price of primary products, and the adverse impact of … appear to increase when the terms of trade improve and real exchange rate overvaluation is reduced. However instability in … the terms of trade and the real exchange rate were not found to have significant effects on either investment or growth. …