The business literature and recent descriptive evidence show that exporting firms typically require the help of foreign trade intermediaries or need to set up own foreign wholesale affiliates. In contrast, conventional trade theory models assume that producers can directly access foreign consumers. This paper introduces intermediaries in an international trade model where producers differ with ...

The Canadian economy has been a net recipient of foreign direct investment (FDI). The free-trade agreements (FTA and NAFTA) have had to attract more inward FDI. This study examines the determinants of foreign direct investment (FDI) between Canada and EU15, Brazil and Japan in the period 1995-2007. The purpose of this paper is to analyze the impact of variables, such as, market size, labour cos...

To implement the grand western development strategy and to speed up the regional economic development is a vital decision of the central government in the new century. Foreign economy and trade is an important component of national economy. To develop the foreign economy and trade in western area and to speed up the opening-up process is significant to drive the economic and social development ...

T he United States, along with almost every other country in the world, maintains significant restrictions on the movement of goods across international borders. Although the recent Uruguay round of the General Agreement on Tariffs and Trade (GATT) resulted in a general lowering of tariffs and a broadening of goods and countries covered by the agreement, free trade remains elusive. Strong growt...

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...

This study attempts to examine empirically dynamic causal relationships between carbon emissions, energy consumption, income, and foreign trade in the case of Turkey using the time series data for the period 1960-2005. This research tests the interrelationship between the variables using the bounds testing to cointegration procedure. The bounds test results indicate that there exist two forms o...

This paper describes a data mining approach to the problem of detecting erroneous foreign trade transactions in data collected by the Portuguese Institute of Statistics (INE). Erroneous transactions are a minority, but still they have an important impact on the official statistics produced by INE. Detecting these rare errors is a manual, timeconsuming task, which is constrained by a limited amo...

This paper presents a model of international trade in differentiated intermediate goods. Because intermediates are invented through costly R&D investments, employing foreign intermediates implies sharing the return to R&D with the inventor country. I first derive a relation of how domestic productivity is related to foreign R&D investments. In the subsequent empirical analysis, industry level d...