In August 2014, the Russian Federation implemented an embargo on select food and agricultural imports from Western countries in response to previously imposed economic sanctions. this paper we quantify effect of consumer prices welfare Russia. We provide evidence for direct monthly with a difference-in-differences approach. The caused embargoed goods rise by up 7.7% – 14.9% short run average 2....

This study investigates the Ricardian Equivalence (RET) in theory and practice particularly as it relates to Nigeria economy. The employed Autoregressive Distributed Lagged (ARDL) model establish both long-run short-run relationship between deficit financing consumption. found no strong evidence reject using data from economy contrary most literatures reviewing RET Nigeria. Specifically, that v...

Abstract This article argues that the lockdown of Hubei province in China due to Coronavirus outbreak provides a natural experiment study importance China's role global value chains. Since started during Lunar New Year, Hubei's migrant workers who went home could not return workplaces other provinces, resulting massive labor supply shock. I feed shock through Ricardian model with intermediate g...

st+1 q ( s|s ) B ( s ) /et = W t L F t +M F t−1 +B F t /et +Π F t + T F t . ∗Faculty of Humanities and Social Sciences, University of Tsukuba, 1-1-1 Tennodai, Tsukuba, Ibaraki 305-8571, Japan. E-mail: [email protected]. †Department of Finance, School of Economics and Management, Tsinghua University, Beijing 100084, China. E-mail: [email protected]. ‡Corresponding author...

We decompose the factor content of trade into Heckscher–Ohlin–Vanek trade and Ricardian trade. We measure factor content using only the United States' technology and also as Leontief advocated, using the local technology. In either case, differences in endowments are quite important in explaining the factor content of trade. If one uses raw estimated coefficients as a means of comparison, diffe...

We examine how changes in yield variability affect the welfare of cereal grain and oilseed buyers and producers around the world. We simulate trade patterns and welfare for 21 countries with a Ricardian trade model that incorporates bilateral trade costs and crop yield distributions. The model shows that world trade volumes would need to increase substantially if crop yield variability were to ...