The price-wedge method yields a tariff-equivalent estimate of technical barriers to trade (TBT). An extension of this method accounts for imperfect substitution between domestic and imported goods and incorporates recent findings on trade costs. We explore the sensitivity of this revamped tariff equivalent estimate to its determinants (substitution elasticity, preference for home good, trade co...

This paper compares sequential trade liberalization through a preferential trade agreement (PTA) and one-shot multilateral trade liberalization with respect to the speed with which countries attain multilateral free trade. We build a three-country oligopoly model, including one developing country whose domestic firm initially uses old technology. Firm-level adoption of new technology and countr...

The African lion is in decline across its range, and consumptive utilisation and trade of their body parts and skins has been postulated as a cause for concern. We undertook a pan-African questionnaire and literature survey to document informed opinion and evidence for the occurrence of domestic and international trade and consumption in African lion body parts across current and former range s...

The goal of this paper is to study the e¤ects of globalization on the workings of asset markets and welfare. To do this, we adopt a “technological”view of the globalization process. That is, we model this process as consisting of a gradual (and exogenous) reduction in the costs of shipping goods across di¤erent regions of the world. In the absence of market frictions, globalization creates fore...

Abstract It is argued that compared with large countries, small countries rely more on trade and therefore are more likely to adopt liberal trading policies. The present paper extends this idea beyond the conventional trade openness measures by analyzing the relationship between country size and the number of documents required to export and import, a measure of trade facilitation. Three import...

Based on a non-competitive input-output model capturing China’s processing exports, this paper establishes a goal programming model to optimize China’s export structure. In this model, China’s domestic production is divided into three parts: Production for domestic use, processing exports, and non-processing exports and production for other foreign invested enterprises. This division enables di...

This paper is divided into three parts. The first summarizes the main conclusions of Sumner and Hallstrom's paper "Commodity Policy Compatibility with Free Trade Agreement" and makes some suggestions for further research. The second part presents some thoughts concerning Mexico's domestic agricultural policies in relation to the authors' analysis on the theme of the Workshop. The discussion fin...

This paper extends the Brander-Spencer (1985) model by considering market uncertainty, exploring nonlinear policy, and examining ̄rms' choices of strategic variables. By investigating the interrelationship between trade policy and market conduct, we ̄nd that unlike the oftenstudied linear policy, a nonlinear policy can in°uence the domestic ̄rm's choice of strategic variables and hence alter th...

Precis: Monetary and fiscal policies are examined in a steady-state small open economy model. Com­ plete price taking behaviour implies that domestic output is supply determined and invariant to domestic shocks. Balanced budget fiscal policy does, however, alter equilibrium real disposable income. As the terms of trade do not vary with the exchange rate regime the effectiveness of macro policie...