We present a theory of why some countries negotiate trade agreements during economic downturns. We argue that political leaders can gain from such agreements because of the signals they send to their publics. Publics are less likely to blame leaders for bad economic conditions when they have implemented sound economic policies, such as signing and implementing agreements designed to liberalize ...

A considerable problem in competitive trade world is choosing the best supply chain. As a result in much more serious circumstances of competitions looking for the best supplier for manufacturing, for preparing raw material, is very significant. Meantime suppliers have different scenarios to be fulfilled, such as changing selection variables like lead-time, transportation cost and transportatio...

a r t i c l e i n f o The S-shaped cross-correlation function between the trade balance and the terms of trade has been documented for several countries and time frames. The ability of two-country, two-good business cycle models to reproduce this regularity hinges on the dynamics of capital formation. We consider the consequences of modeling the adjustment costs for comovement in the trade bala...

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