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Prospect Theory and Trading Patterns
SSRN Electronic Journal, 2011Abstract Reference dependence, loss aversion, and risk seeking for losses together comprise the preference-based component of prospect theory that sets its value function apart from the standard risk-aversion model. Using an elasticity analysis, we show that this distinctive preference component serves to underpin negative-feedback trading ...
Jing Yao, Duan Li
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Trade in Intermediates and the Colonial Pattern of Trade
Economica, 1987This paper builds up a model of trade in intermediate goods and uses it to analyze certain fea tures of the colonial pattern of trade. Different parts of an interme diate good are traded between two nations and the intermediate good i s then used to make two country-specific products. The author discuss es the effects of technical progress in different
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Paradoxical trade patterns and terms of trade
Economics Letters, 1985Abstract It is shown that, when a monopoly is present in a two-country, two-commodity world, the terms-of-trade do not necessarily fall in between the pre-trade relative prices of the two countries, and that these pre-trade prices do not unequivocally determine the pattern of trade.
Takashi Fukushima, Tatsuo Hatta
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Trade Pattern Persistence [PDF]
, 2004 Internationalization of the world economy has made trade a key factor in the growth potential of nearly every nation’s economy. Hence, economists have become increasingly interested in the determinants of international trade and competitiveness. Empirical Methods in International Trade captures the many aspects of this trend in globalization through ...
Steven Husted, James Cassing
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Trade Policy and Changing Trade Patterns
1996The basic question for developing countries with respect to their international trade relations is how trade can contribute more to economic growth and industrialisation. There is a certain agreement among economists that international trade and economic growth are interrelated.
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2020
Imbs and Pauwels (2020) introduce a measure of openness based on indirect trade. This paper illustrates the differences in the Korean patterns of trade when openness is measured using conventional measures based on direct trade, and when it is measured using this measure of indirect trade, labeled Export Intensity (EI). According to EI, the Republic of
Imbs, Jean, Pauwels, Laurent L.
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Imbs and Pauwels (2020) introduce a measure of openness based on indirect trade. This paper illustrates the differences in the Korean patterns of trade when openness is measured using conventional measures based on direct trade, and when it is measured using this measure of indirect trade, labeled Export Intensity (EI). According to EI, the Republic of
Imbs, Jean, Pauwels, Laurent L.
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SSRN Electronic Journal, 2011
Research Objective: This paper investigates the link between ODA (Official Development Assistance) and patterns of international trade. Countries, particularly developed ones, have been active to provide ODA to poor countries in the world, aiming at reducing their poverty.
Moonsung Kang, Soonchan Park
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Research Objective: This paper investigates the link between ODA (Official Development Assistance) and patterns of international trade. Countries, particularly developed ones, have been active to provide ODA to poor countries in the world, aiming at reducing their poverty.
Moonsung Kang, Soonchan Park
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2002
In 1990 inter-provincial and international exports were about equal. By 1996, however, Canadian companies were exporting about $2 in goods and services to foreign countries for every $1 they exported between provinces. In 1990, Prince Edward Island, Nova Scotia, New Brunswick, Quebec, Manitoba and Alberta exported more to their provincial counterparts ...
Page, Marjorie L., Page, Marjorie L.
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In 1990 inter-provincial and international exports were about equal. By 1996, however, Canadian companies were exporting about $2 in goods and services to foreign countries for every $1 they exported between provinces. In 1990, Prince Edward Island, Nova Scotia, New Brunswick, Quebec, Manitoba and Alberta exported more to their provincial counterparts ...
Page, Marjorie L., Page, Marjorie L.
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Hystersis in the Trade Pattern
1990We study a world economy comprising two countries that may differ only in their prior experience in the research lab. Entrepreneurs in each country develop new technologies for varieties of a differentiated product whenever expected profits justify up-front research costs.
Grossman, Gene M. +3 more
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