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Showing posts with the label trade

Policy Space and Modern Trade Agreements

In the paper, the author's then went ahead to examine the extent to which various regimes constraint policy space for member nations. They studied four US agreements 

Modern Trade Agreements: its implications for long-run development policy

Development is a long-run process of transforming the economy from concentrated primary product-based economy to diversified set of assets based on knowledge.

Specific Factors Model

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Heckscher Ohlin Model

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Trade Policy

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Ricardian Trade Model

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Dynamics of External Adjustment

Dollar currency paradigm means that dollar matters a lot in global trade. So suppose, India and Brazil are involved in a bilateral trade whereby India buys oil from Brazil while Brazil buys pharmaceutical drugs from India.

Impact of Openness on CO2 emissions in China

The study explores the effect of trade and FDI contributed to CO2 emissions in China from 1981-2014. It finds that trade, mainly exports, and FDI had significantly led to higher emissions. Thereby it finds evidence in support of Pollution Haven Hypothesis.

Intertemporal trade and Current Account balances (Model With Investment)

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Historically, one of the main reasons countries have borrowed abroad is to finance productive investments that would have been hard to finance out of domestic savings alone.
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Intertemporal trade and Current Account balances (Model Without Investment)