the relationship between trade liberalisation and the environment has been the subject of a growing body of literature in recent years. as can be seen from the differing assessment of instrument types for environmental protection, one of the important factors for the relationship between environmental protection and economic competitiveness are regulatory stringency and efficiency. this concern...

This paper studies the effects of trade liberalization on capital flows in a dynamic Heckscher-Ohlin model and makes four contributions. First, we identify an interest rate over-determination problem such model, solve it with endogenous discount factor. Second, show that developing country generally leads to greater current account surplus, which is exact opposite common but partial equilibrium...

The impact of international trade on domestic growth is revisited in a model with dynamic externalities and static increasing returns to scale. The model embraces features of both classical and new growth and trade theories, allows for learning by doing, and integrates several strains of thought in a general equilibrium with two regions. In contrast to previous work, the model shows that intern...

This paper uses three years of individual-level data to analyze the determinants of individual preferences over trade and immigration policies in the United States. Different economic models make contrasting predictions about what forces should shape these preferences. We have four main empirical results. First, we find that factor type dominates industry of employment in explaining support for...

This paper develops a new model with heterogeneous firms under perfect competition in Heckscher-Ohlin setting. We derive novel prediction regarding the effect of minimum wages on selection, namely that binding wage will raise (or lower) TFP at firm and industry level depending whether capital intensity entry costs exceeds (falls short of) production. Exploiting rich regional variation across Ch...

Motivated by increasing trade and fragmentation of production across countries, accompanied income convergence many emerging economies, we build a dynamic two-country model featuring sequential, multi-stage capital accumulation. As costs decline over time, global-value-chain (GVC) expands particularly more in the faster-growing country, consistent with empirical pattern. Via Heckscher–Ohlin for...

En un contexto internacional como el actual, en que las pulsiones proteccionistas vuelven a campar sus anchas, resulta conveniente realizar una mirada retrospectiva hacia aquellas teorías económicas propugnan mayor liberalización comercial modelo de crecimiento económico. Desde los economistas clásicos y antecesores (Adam Smith David Ricardo, entre otros); hasta modelos planteados siglo XX (Hec...