Sub Saharan African agriculture is currently facing challenges in international trade with respect to external market access conditions and competition in world markets as a result of trade liberalization efforts under the world trade organization (WTO) agreements and in particular the agreement on agriculture (AoA). This paper presents the performance of agricultural exports for selected count...

This paper develops a two-country new trade theory framework with two types of labor (skilled and unskilled) and an imperfect labor market arising from country-specific real minimum wages. It examines welfare implications of trade liberalization and spillover effects of labor market shocks in a global economy. The model identifies two key forces that shape the results: i) external scale effects...

This paper examines the welfare effects of the formation of a free-trade area (a set of countries that abolish tariffs among member countries but let individual member countries to set external tariffs). If a representative consumer has love-of-variety preferences, the welfare function exhibits supermodularity in external tariffs: when a country is constrained to charge lower tariffs on imports...

We consider the effect a public revelation of information (e.g. rating, grade) has on signaling and trading in a dynamic model. Competing buyers offer prices to a privately informed seller who can reject these offers and delay trade. This delay is costly and the seller has no commitment to the duration of the delay. We show how the external public information allows for signaling in equilibrium...

The international trade in medicinal and aromatic plants for the period 1991-2003 was investigated. For this purpose the foreign-trade statistics of 110 countries, compiled in the COMTRADE database of the UN Statistics Division and reporting an external trade of the commodity groups HS 1211 and SITC.3 292.4 pharmaceutical plants, respectively, have been evaluated. Based on this, the main featur...