this paper tries to analyze the impacts of intermediate goods trade on production, consumption, investment, net exports, employment, labor wage and capital rent of iran in its bilateral trade relations with china. this analysis has been done by modeling, solving and calibrating an international real business cycles (irbc) model in period 1980-2009. the results show that when elasticity of subst...

The literature on British economic history presumes that Britain was a free trader after the repeal of the Corn Laws and that her tariff levels were thus below those which were optimal for maximizing utility. Presumably, if the optimal British tariff had been positive and greater than the levels established by mid-century, a reduction to zero of all tariffs that remained would have lowered Brit...

We set up two rival Computable General Equilibrium (CGE) models of world trade, one based on classical theories comparative advantage, the other recent gravity theories. have tested them by indirect inference time-series trade facts for four major countries or country blocs: UK, US, China and EU. The UK is a small enough economy rest world’s behaviour to be treated as exogenous, so we test mode...

using the quarterly data of 1990:1 to 2008:1 and in a general equilibrium approach, we investigate the long run equilibrium path of the equilibrium interest rate as well as the potential output. we implement a structural reduced form of a general equilibrium model consistent with iran’s economy and estimate the unobservable variables by employing the kalman filtering technique. a exponential ut...

We prove the stability of equilibrium in a completely decentralized Walrasian general equilibrium economy in which prices are fully controlled by economic agents, with production and trade occurring out of equilibrium. Journal of Economic Literature Classifications: C62—Existence and Stability Conditions of Equilibrium D51—Exchange and Production Economies D58—Computable and Other Applied Gener...