The Southern timber market is the major source of both softwood and hardwood pulpwood in the US. In 1997, three-fourths of total US pulpwood production was produced in the region. The locations of pulpmills and fiber sources determine the patterns of pulpwood trade between the states. Prediction of trade is important for understanding subregional pulpwood markets in the US South and for timber ...

In light of the recent tit-for-tat trade dispute between China and US, interest in quantifying effects so-called phase one agreement has risen. To this end, paper quantifies impact asymmetric managed using such a multi-country open-economy dynamic general equilibrium model. Besides assessing direct implications for diversion are also analyzed. The model-based analysis finds noticeable positive ...

The US–China trade war creates significant opportunities for developing countries, as global manufacturers need to relocate their production facilities out of China avoid future tariff hikes. However, Indonesia the biggest economy in ASEAN is not experiencing any substantial advantage relative its neighbors, especially compared Vietnam. While there no clarity on how long will last, it important...

This paper explores the effects of import competition on manufacturing sector in Chile following implementation country’s two largest Free Trade Agreements (FTA) (with USA and China). Exploiting cross-industry variation exposure, we analyse sales, employment labour productivity at finest level industrial classification (4 digit ISIC level). We detect an overall negative effect increased Chinese...

Conventional trade theory, which combines the Heckscher-Ohlin theory and the Stolper-Samuelson theorem, implies that expanded trade between developed and developing countries will increase wage equality in the former. Th is theory is widely applied. It serves as the basis for estimating the impact of trade on wages using two-sector simulation models and the net factor content of trade. It leads...

We extend Melitz (2003) to allow for both global and bilateral fixed export costs. If global (bilateral) export costs dominate, the average sales ratio (import sales per product variety/domestic sales per variety), decreases (increases) in variable (fixed) trade barriers, due to adjustment along the intensive (extensive) margin of trade. Using novel data on bilateral US movie exports we find th...

The US Farm Bill of 2002 is the latest in a 7-decade history of farm subsidy laws that transfer funds to farmers and regulate and subsidize production of selected commodities. Fruit, tree nut, ornamental and vegetable crops, hay and meats remain outside scope of main subsidy programs. The new law continues many innovations of the 1996 Act, such as removal of authority for annual land idling and...

Recent research in international trade emphasizes the importance of firms’ extensive margins for understanding overall patterns of trade as well as how firms respond to specific events such as trade liberalization. In this paper, we use detailed U.S. trade statistics to provide a broad overview of how the margins of trade contribute to variation in U.S. imports and exports across trading partne...