Research on Sino-British Trade Efficiency and Potential

Analysis on Sino-Korean Structure of Trade in Goods and Economic Effects in the Framework of Free Trade Agreement

Since the establishment of diplomatic ties between China and Korea in 1992, the bilateral economic and trade relations developed rapidly, two nations have become important trade partner and investment object country each other. Especially entered into 21st century, as the continuous changes of the world economic pattern and rising tide of regional economic cooperation, the Sino-Korea free trade...

On the Efficiency-Fairness Trade-off

T paper deals with a basic issue: How does one approach the problem of designing the “right” objective for a given resource allocation problem? The notion of what is right can be fairly nebulous; we consider two issues that we see as key: efficiency and fairness. We approach the problem of designing objectives that account for the natural tension between efficiency and fairness in the context o...

The Effect of British Columbia’s Carbon Tax on Agricultural Trade

Terms of Trade and Global Efficiency Effects of Free Trade

This paper infers the terms of trade effects of Free Trade Agreements (FTAs) implemented in the 1990s. We estimate large FTA effects on bilateral trade volume in 2 digit manufacturing goods from 1990-2002, using panel data gravity methods to resolve two way causality. The terms of trade changes implied by these volume effects are deduced for 40 countries plus a rest-of-the-world aggregate using...

Trade Efficiency and Trade Points: Small versus Large Players

The impact of Trade Points on corporate performance depends on assumptions about returns to scale, types of games played, and size of gains in demand and revenues v i s á v i s costs. Specifically: (i) in a world of profitmaximizing firms, when the contribution of Trade Points to total revenues exceeds the additional costs, Trade Points help both small firms and large ones with the size of gain...