We show that an ostensibly disparate set of stylized facts regarding firm pricing behavior can arise in a Ricardian model with Bertrand competition. Generalizing the Bernard, Eaton, Jenson, and Kortum (2003) model allows firms’ markups over marginal cost to fall under trade liberalization, but increase with FDI, matching empirical studies in international trade. We are able to mesh this dichoto...

Canzoneri, Cumby, and Diba have written a very good paper on the relationship between fiscal and monetary policy. It is informative, clear, and persuasive. As the title indicates, the analysis deals exclusively with the cases of the United States and the European Union (EU). In a way, however, these are the countries where the discussion on the connection between fiscal and monetary policy is l...

China has suited a noteworthy economic partner position in African countries, specifically Tanzania. Consequently, this research is aiming at determining the reality of Ricardian theorem comparative advantage by assessing its applicability to 21st Century International trade practice particularly Sino-Tanzania bilateral from 2015 2019. To find out if resembles theorem, classical Balassa index (...

"The aim of this paper is to analyze empirically the causal relationship, if any, between infant mortality and fertility in thirty-five developing countries." The focus is on possible relationships between the infant mortality rate and the fertility rate. "The hypothesis that infant mortality causes fertility is tested. The possibility of a 'reverse causation' is also analyzed. A one-sided ...

Most of the scholarly reinterpretations of the Principle of Effective Demand are not in line with Keynes’s original presentation of it in Chapter 3 of the General Theory. To substantiate this claim, Keynes’s definition is here first reproduced and then compared with different reinterpretations of the principle by textbook authors, and Neo-Ricardian, Kaleckian, and Post Keynesian economists. A n...

This study re-examines the long run relationship between the budget and current account deficits in an oil-dependent open economy like Nigeria using a multivariate Granger causality test within the VECM framework. This result confirmed the existence of a long run relationship between the budget and current account deficit in Nigeria, thus supporting the Mudell-Fleming theory and refuting the Ri...