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Trade And International Convergence Of Per Capita Income, Lei Zhou, Basudeb Biswas

Economic Research Institute Study Papers

Do countries that are more open achieve higher growth rates than countries which are less open? With the same degree of openness do poor cOlmtries tend to grow faster than rich countries? If they do, the poor countries will move toward equalizing the level of per capita income and there will be income convergence. The objective of this paper is to investigate empirically the role of trade in the process of convergence. International flows of goods and factors tend to result in convergence of factor prices among partner countries. Moreover, international trade serves as an important channel through which ideas …

Trade As A Carrier Of Knowdedge In Economic Growth, Wooill Sim, Basudeb Biswas

Economic Research Institute Study Papers

This paper presents empirical evidence of the effects of trade on economic growth. The main contribution of this study is that the "cumulated past volume of exports and imports" is taken as the carrier of knowledge or the source of externality, while the previous studies assume that only the export sector generates positive externalities. We also investigate the contribution of exports as a source of foreign exchange. The empirical test on 119 countries indicates that trade, being the carrier of knowledge, plays an important role in contributing to economic growth. However, the empirical test does not show any correlation between …

Games Governments Play: An Analysis Of National Environmental Policy In An Open Economy, Amitrajeet A. Batabyal

Economic Research Institute Study Papers

In this paper we study some of the consequences of national environmental policy in a strategic international setting. Two broad questions are analyzed. First, we examine the circumstances under which the pursuit of environmental policy by a country in a Cournot game, will make that country worse off when the incidence of pollution is domestic. Second, we study the effects of environmental regulation by means of alternate price control instruments in a Cournot game in which national governments care about international pollution, but polluting firms do not. It is shown that there are plausible theoretical circumstances in which the pursuit …

Real Exchange Rate And Trade Balance In Developing Countries, Sarita Mohapatra, Basudeb Biswas

Economic Research Institute Study Papers

No abstract provided.

Optimum Trade Intervention In The Presence Of Multinationals, Hamid Beladi, Basudeb Biswas, Gopal Tribedy

Economic Research Institute Study Papers

This paper shows the non-optimality of the free trade policy in a labor-surplus economy where multinational corporations operate in the importable sector with distortions in the capital market. It then examines the welfare implications of alternative trade intervention policies. The paper illustrates that (a) a tariff and a production subsidy to the importable sector reduce welfare, while (b) an export subsidy and a production subsidy to the exportable sector enhance welfare. The optimum subsidy rates necessary to implement the outwardlooking trade policy are also derived in the paper.

Bulletin No. 352 - Trade In Western Livestock At Auctions: I. Development Relative Importance Operations, Harold Abel, Dee A. Broadbenl

UAES Bulletins

This bulletin reports an introductory and descriptive study and contains specific information on selling livestock at auctions. It is the second bulletin on livestock marketing research in the West prepared under the supervision of the Western Livestock Marketing Research Technical Committee.

The principal objectives of this bulletin are stated as follows: ( 1) to trace the development of livestock marketing in the West and to ascertain the economic conditions responsible for shifts in the total volume of production and marketings of the several types of meat animals sold, and the relative importance of the various marketing agencies used by farmers …

Letter From John W. Dahl, John W. Dahl

Correspondence with newspapers and individuals

Letter concerning information about the Utah Agricultural College.