Three features of China’s trade patterns suggest that elements beyond factor abundance explain its export performance. The high penetration in world markets of labourintensive products has been accompanied by: (i) a high share in exports of productivityadvanced foreign-owned enterprises (FIEs), (ii) a high penetration of FIEs in labourintensive sectors, and (iii) a relative high sophistication ...

Climate change is essentially a long term phenomenon and is supposed to be gradual in its impact for most part. Integrated assessment combining insights of many disciplines is used as a primary tool in order to follow the causal chain of events from perturbations in the environment to the final outcomes. This can be done by first assessing the vulnerability of different regions to climatic chan...

Fiscal policy has been of significant size in Japan since the early 1990s, propelling Japan to the forefront of fiscally-challenged nations. However, the effect of fiscal policy has been disappointing. This paper discusses the various explanations provided by the literature (the argument that fiscal policy was effective; the argument that it was not effective, because of interest rate-based cro...

Mendelsohn and Dinar review much of the important work on the implications of climate change for agriculture, focusing particularly on developing countries. Their message is that efficient economic adaptation significantly reduces the estimated effects of climate change. Few dispute that some amount of adaptation is likely and that its potential contribution to reducing the negative impacts of ...

New production and trade patterns due to climate change policy interventions are increasingly affecting the wine sector. This paper investigates how of in main producing regions respond changes interventions. An approach based on a combination Ricardian models suggests that higher temperatures benefit both wine. A gravity-based analysis shows effects global heterogeneous dependent specific obje...

Fiscal policy is one of the most crucial areas government economic policy, and it has potential to influence growth any nation. According traditional Keynesian Ricardian theories, fiscal should not be pro-cyclical, counter-cyclical effective alternative. Furthermore, periodicity also heavily influenced by quality political institutions democracies. Thus, this paper examines relationship between...

This paper develops a dynamic model of innovation and international trade in which agents can direct their research efforts to specific goods the economy. Trade affects direction through its impact on expected market size for an invention, leading two-way relationship between technology absent standard quantitative Ricardian models. Following theory-consistent strategy estimate extent endogenou...