This paper examines the implications of initial conditions in terms of the levels of tariff protection from which countries liberalize their trade regimes on the wage inequality in trading nations. The discussion is confined to the standard two-country Heckscher-Ohlin-Samuelson model to see...

Through the process of globalization, trade dependence and interdependence of the developing countries have increased phenomenally than ever before. The characteristic of this late twentieth-century globalization process has been the new technological revolution that has led to a high rate of...

This paper investigates how devaluation by a small open economy affects its export quality when higher quality requires more of skilled labour and capital; and the ramifications of such quality changes on employment of unskilled labour and real income. In a competitive general equilibrium...

We examine implications of emigration of unskilled workers for quality of a skill-based good exported by a small open economy. This issue is relevant in the context of quality constraint faced by the developing countries like China and India, in promoting their exports, on the one hand, and...

This paper theoretically examines the effect of an expansionary monetary policy on export quality and its ramifications on the aggregate employment of the unskilled workers in a competitive general equilibrium framework of a small open economy. This issue assumes relevance since monetary...

We examine implications of emigration of unskilled workers for quality of a skill-based good exported by a small open economy. This issue is relevant in the context of quality constraint faced by the developing countries like China and India, in promoting their exports, on the one hand, and...

We consider a policy game between a high-income country hosting a drug innovator and a low-income country hosting a drug imitator. The low-income country chooses whether to enforce an International Patent Regime (strict IPR) or not (weak IPR) and the high-income country chooses whether to allow...