This paper examines the effect of offshoring in a model of North-South trade when households have non-homothetic preferences of the Matsuyama (2000) type. We presents a platform from which to examine issues of trade and development in the presence of offshoring. The assumption of homotheticity is prevalent throughout the offshoring literature. We find that in equilibrium the South will consume ...

Substantial amounts of post-consumer scrap are exported to other regions or lost during recovery and remelting, and both export and losses pose a constraint to desires for having regionally closed material cycles. To quantify the challenges and trade-offs associated with closed-loop metal recycling, we looked at the material cycles from the perspective of a single material unit and trace a unit...

Business cycles reflect changes over time in the amount of trade between individuals. In this paper we show that incorporating explicitly intra-temporal gains from trade between individuals into a macroeconomic model can provide new insight into the potential mechanisms driving economic fluctuations as well as modify key policy implications. We first show how a “gains from trade” approach can e...

North-South Trade-Related Technology Diffusion: Virtuous Growth Cycles in Latin America This paper examines the impact on TFP in Latin America and the Caribbean (LAC) and in other developing countries (DEV) of trade-related foreign R&D (NRD), education and governance. The measures of NRD are constructed based on industry-specific R&D in the North, North-South trade patterns, and input-output re...

BACKGROUND AND OBJECTIVES We examined a mechanism that may coordinate trade-offs between reproduction and immune response in healthy women, namely, changes in inflammation across the ovarian cycle. METHODOLOGY We investigated C-reactive protein (CRP), an inflammation marker, across two consecutive ovarian cycles in 61 Bolivian women. Participants provided saliva samples every other day, and d...

This paper empirically investigates the effect of product cycle on comparative advantage for countries with different knowledge capital endowment. Product cycle is the exogenous nature of technology evolution in each industry. Longer product cycle means new discovery takes longer time to arise. Meanwhile the imitation of existing innovation is easier in industries with longer product cycles. St...

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Education, Governance and Trade-Related Technology Diffusion in Latin America This paper examines the impact on TFP of North-South trade-related technology diffusion in Latin America and the Caribbean (LAC). North-South R&D flows are constructed based on industry-specific R&D in the North, North-South trade patterns, and input-output relations in the South. The main findings are: (i) Education ...

A universality in optimization of trade-off between power and efficiency for low-dissipation Carnot cycles is presented. It is shown that any trade-off measure expressible in terms of efficiency and the ratio of power to its maximum value can be optimized independently of most details of the dynamics and of the coupling to thermal reservoirs. The result is demonstrated on two specific trade-off...