The New Deal and Foreign Trade

Foreign Affairs and Trade

It is known that a theory in S5-epistemic logic with several agents may have numerous models. This is because each such model specifies also what an agent knows about infinite intersections of events, while the expressive power of the logic is limited to finite conjunctions of formulas. We show that this asymmetry between syntax and semantics persists also when infinite conjunctions (up to some...

The Foreign Trade Pattern and Foreign Trade Specialization of Candidates of the European Union

The enlargement of the European Union will bring many political, economical and structural changes on the Continent, which require careful and deep analysis to be made. This paper will grasp the enlargement of the European Union from the aspect of the trade pattern and trade specialization of six major European Union candidates; namely, Turkey, Bulgaria, Hungary, Romania, Poland and the Czech R...

Foreign Trade and Equilibrium Indeterminacy

We show that dependence of production on foreign inputs (or non-producible natural resources) can significantly increase the likelihood of indeterminacy. Payment of imported foreign factors of production may act as a semi-fixed cost, amplifying production externalities and returns to scale, making selffulfilling expectations driven busyness cycles easier to arise. This is demonstrated using a s...

Government’s Powers and FTAs: The Effect of Domestic and Foreign Powers on Multilateral Trade

This paper elaborates on the government's powers - both at the domestic level and over foreign countries. The domestic power is the power against domestic lobbies, and the foreign one is the government's international power. To do so, this paper tries to evaluate the effects of these powers   on the formation of free trade agreements (FTAs). The theoretical framework follows an oligopolistic-po...

EU Enlargement: The New Member States and Agricultural Trade Potentials