Applied partial and general equilibrium models used to examine trade policy are almost universally sensitive to trade elasticities. Indeed, the Armington elasticity, the degree of substitution between domestic and imported goods, is a key behavioral parameter that drives the quantitative, and...

The new trade theory literature suggests that R&D activities and production may be geographically separated. However, concurrent studies show a strong correlation between R&D and production (or exporting). This correlation is often attributed to border-induced disruptions in the flow of...

The services sector is the next frontier in trade liberalization, and progress in this area is likely to bring enormous economic gain to developed and developing economies. A major impediment to its liberalization, however, is the lack of rigorous analytical work on the potential impact of...