This study analyzes the relationship between dollar exchange rate and crude oil price. Unlike previous literature which established a bilateral causal relationship between the two prices, this paper proposes that gold price is likely to be a common driver of the two prices and therefore, the...

We build a multi-sector spatial general equilibrium model to account for China’s export surge between 1990 and 2005. We focus on the role of the reductions in tariffs and internal migration costs during that period. Our model generates a closed-form aggregate trade elasticity that can be...

We built a multi-sector spatial general equilibrium model, featuring heterogeneous firms’ and workers’ location choices, to account for China’s export surge between 1990 and 2005 from three policy changes: China’s import tariffs, tariffs imposed against China’s exports, and barriers to...

We built a multi-sector spatial general equilibrium model, featuring heterogeneous firms’ and workers’ location choices, to account for China’s export surge between 1990 and 2005 from three policy changes: China’s import tariffs, tariffs imposed against China’s exports, and barriers to...