Publications
Multilateral comparative advantage:
Complex trade for many countries and goods
International
Economics and Economic Policy (2024) 285-96
Specialization in a single export is a rarity
Trade and depletion with a resource
intensive input
International Trade Journal (2020) 457-70
Optimal depletion ties the increase in
the price of the resource to the capital return
Partial specialization with constant cost comparative
advantage
Keio Economic
Studies (2018) 73-80
Trade patterns with constant cost and partial specialization by large
countries
International Trade Journal (2018)
368-96
A tariff on
an imported factor and domestic factor prices
A tariff on a productive factor with
import competing supply
Journal of International Trade and Economic Development (2016) 71-9
A tariff and domestic supply
Tariffs and wages in trade theory
Review of Development Economics (2016) 399-405
History of economic thought on import
tariffs and wages
Tourism demand and wages in a general
equilibrium model of production
Tourism Economics
(2016) 81-91
Theoretical links between tourism and
wages
Regional trade in a three country model
in The Region and Trade: New Analytical Directions (2010)
edited by Amit Batabyal
and Peter Nijkamp, World Scientific Publishing
Comparative advantage interplays with
country sizes
The fixed factor proportions model of production and
trade
Keio Economic Studies
(2010) 17-28
Constant costs with multiple inputs
Stolper-Samuelson production box
in Famous Figures in Economics (2010)
edited by Peter Lloyd and Marc Blaug,
Edward Elgar
One of the fundamental figures in economics
Breaks in the chain of comparative advantage
with Kwan Choi
International
Review of Economics and Finance
(2009) 346-8
Full employment can break the chain
Bilateral factor abundance and intensity with many
factors, products, and countries
with Dajun Tuo
The CJU Journal of Business and Economics (2009) 6-16
High dimensional
factor abundance and intensity
Endogenous trade and factor proportions production
International Journal of Economic Research (2007) 171-7
Factor proportions theory with offer
curves
General equilibrium production with constant elasticity
of substitution
with Hugo Toledo
Keio
Economic Studies (2007) 27-36
CES and adjustments
to price changes
An empirical measure of factor intensity when there are
many factors and many products
The International Trade Journal (2007) 109-19
Mean weighted factor intensity
Euclidean distance measure of factor
abundance
Aggregation and applied trade theory
Journal of Economic Integration (2005) 604-12
Distortions and ambiguities due to
aggregation
Duopoly quotas and relative import quality
with Randy Beard
International
Review of Economics and Finance (2003) 275-81
Quotas and import
quality competition
Factor intensity as Euclidean distance
Keio Economic Studies (2003) 1-7
Euclidean distance measure of intensity
Parametric relaxation of standard assumptions
Price taking monopolies in small open
economies
Open Economies Review (2002) 205-9
Monopoly output without price searching
Measuring factor abundance across many
factors and many countries
with Farhad Rassekh
Open
Economies Review (2002) 237-49
Mean weighted measure of factor abundance
International trade with three factors, goods, or
countries
Keio
Economic Studies (2001) 43-52
Akira Takayama
noted three is a magic number in economics
Definitions of factor abundance and
the factor content of trade
Open Economies Review (1999) 385-93
The different measures of factor abundance
Trade balance as a real asset
Product differentiation with competitive
trade
Curvature of production frontiers and factor
prices
Nontraded goods with sector specific traded
capital
International differences in
production functions and factor price equalization
Keio Economic Studies (1997) 43-54
Parametric measures of production functions
Tariffs with international capital and two
domestic inputs
Convergence is the key concept
Foreign management, international
capital, and income redistribution
Foreign management bringing foreign capital
13 magnification effects in the two good
model
Production and trade with
international capital movements and payments
International capital and the BOP
Factor intensity reversals and industrial
shutdowns with 3 factors
Maybe not with 3 factors
Okun meets Heckscher
and Ohlin
FTZ pricing conditions
Updates the Chipman
survey
Factor price adjustments with three factors
Complementarity in a simple general equilibrium
production model
The impact of complements in the three factor
model
Sector specific, international capital
Factor friends are intransitive and enemies
transitive
International capital with two domestic and
one international factor
Simulated
Models of Production and Trade
Short run adjustments in Taiwan to free trade in a multisector
specific factors model
with
Peter Chow and Ozcan Ozturk
The International Trade Journal (2022)
Services and income redistribution in specific factors models of
the Trans-Pacific Partnership
in The
Trans-Pacific Partnership and the Path to Free Trade in the Asia-Pacific
(2016)
edited
by Peter Chow, Edward Elgar Publishing
Morocco
and the US free trade agreement:
A specific factors model with unemployment and energy imports
with
Mostafa Malki
Economic
Modelling (2014) 268-74
US pork and China trade in a specific factors model
with
Osei Agyeman and Yeboah Boadu
Agricultural
Economic Review (2012) 130-43
Alabama forest products and the
potential impacts of FTAA price changes
with
Mostafa Malki and Osei Yeboah
Journal
of Economic Integration (2010) 130-43
Labor skills and factor proportions trade in the Gulf
Cooperation Council
with Hugo Toledo
International Review of Economics and Finance (2010) 407-11
Tariff elimination and the wage gap in an industrial
specific factors model
with John Francis
Review of International Economics (2009) 447-60
A model with 458 industries
A specific factor model of FTAA and North Carolina
textile and apparel
with Mostafa Malki and Osei Yeboah
International Economic Journal (2009) 227-36
The
impact of a BSE outbreak in a specific factors model
with Osei-Agyeman Yeboah
and Victor Boadu
International Journal of Applied Economics (2010) 47-57
Effects of a collapse in the price of beef
Free trade with Cuba: The effects of a lifted embargo in Alabama
with Curtis Jolly
Southern Economics and Business
Journal (2008) 83-92
with Josip Funda and
Mia Mikic
International
Economics and Finance Journal
(2006) 157-69
Croatia with 23 industries entering the EU
FTAA and Colombia: Income distribution across labor
groups
with Hugo Toledo
International Review of Economics &
Finance
(2005) 203-12
Eight labor skills in translog
production
Trade lowers the wage
Labor loses relative to skilled labor
Free trade helps labor
Factor intensity has more influence
Comparative static model with capital and
eight different labor skills
Effects of the 2018 Tariffs on US Factor Shares
with
Alexi Thompson
Review of Economic Analysis (2024) forthcoming
Addendum: The imputed effects of US
tariffs on wages
with
Alexi Thompson
International Review of Economics and Finance
(2023) 564-9
The imputed effects of US tariffs on wages
with
Alexi Thompson
International Review of Economics and Finance
(2021) 191-7
An energy factor proportions model of
the US economy
Energy Economics
(2014) 1-5
Wages in a factor proportions model
with energy input
with Hyeongwoo Kim
Journal of Economic Modelling (2014)
495-501
Stolper-Samuelson time series: Long term US
wage adjustment
Review of Development Economics (2013)
Trade prices and wages from 1949
to 2006
The history and potential of trade between Cuba and the
US
with Cassandra Copeland and Curtis Jolly
Journal of Economics and Business (2012)
US bound to return as the main
economic partner of Cuba
Estimating the Heckscher-Ohlin
model: Inverting the inverse matrix
International
Review of Economics and Finance (2011)
Properties of substitution and
intensity derived from estimations
The Cuban embargo and Southeastern agricultural exports
with
Cassandra Copeland
Southern
Economics and Business Journal (2010)
Lifting the embargo and
agricultural exports from US Southeast
Wages in a factor proportions time series model of the US
Journal of International Trade and Economic
Development (2010) 241-56
Estimated wages adjustments in the factor
proportions model from 1949 to2006
Productivity, imports, and the
softwood lumber dispute
with Venkatarao Nagubadi and Daowei Zhang
The International Trade Journal (2009)
301-29
Import protection lowers
productivity for the US
Lost protection and wages: Some time
series evidence for the US
with Cassandra Copeland
International
Review of Economics and Finance
(2007) 603-6
Falling US tariffs have only a minor effect
on wages
Exchange rates and commodity markets:
Global trade in corn, cotton, poultry, and soybeans
with Abdul Almarwani
and Curtis Jolly
Agricultural
Economics Review (2007) 77-86
Inconsistent effects of bilateral exchange
rates
Free trade and a case of local tomato production
with Abdul Almarwani
and Curtis Jolly
Agricultural
Economics Review (2007) 69-78
Estimated loss of $17 million in Alabama tomato
output during early NAFTA years
Stolper-Samuelson theorem in the OECD countries
1970-1985
Economic growth with a nonrenewable energy resource
Journal of Energy and Development (2012)
Economic growth with a depleting
nonrenewable resource, capital, and labor
Economic growth and foreign capital
Review
of Development Economics
(2008) 694-701
Foreign capital leads to incomplete
convergence, trade imbalance, and perpetual capital flow
Foreign investment and transition in Central/Eastern
Europe along the phase curve
with Valentina Hartarska
Applied Econometrics and International Development (2008) 67-78
Growth along the phase
curve for 27 countries during the transition toward market based economies
An analysis of the impact of freedoms on economic growth
with John Kagochi and Nii Tacki
Journal
of African Development
(2007) 13-29
Political freedom and investment stimulate
growth, while economic freedom and the price of oil do not
Exports have only a weak influence on
economic growth in Taiwan
Weak policy in an open economy: The US with a floating
exchange rate, 1974-2009
Economic
Analysis and Policy (2012)
Monetary expansion weakly raises income,
fiscal expansion lowers income
The real exchange rate and the balance of trade in US
tourism
with Ka
Ming Cheng and Hyeongwoo Kim
International Review of Economics and Finance (2013) 122-8
Depreciation
raises tourism revenue with no effect on tourism import spending
Depreciation slightly raises tourism revenue,
switch to euro had no effect
Exchange rates, exchange risk, and Asian export revenue
with WenShwo Fang and YiHao Lai
International Review of Economics
and Finance (2007) 237-54
Positive effects of depreciation on export
revenue offset by exchange risk
Third country news in the monetary model of the exchange
rate
with John Jackson and Juliet Zheng
Applied Financial Economics (2005) 757-64
News on the dollar affects cross rates
Strong local effects of depreciation on
Alabama industrial exports
Devaluations have little impact on the trade
balance in India
Energy tariffs in a small open economy
Energy Economics (2014) 63-7
Adjustments in outputs and wages
A note on the oil price trend and GARCH shocks
with Jing Li
The Energy Journal (2010) 185-91
Long term monthly persistence in the variance of oil price shocks with a deterministic trend
Oil depletion and terms of trade
Keio Economic Studies (2007) 19-25
Optimal depletion, a
backward bending offer curve, implied paths of price and extraction
The applied theory of energy substitution
in production
Energy Economics (2006) 410-25
Theory of substitution
between energy and other inputs
The first step in restructuring the US electric industry
with Andy Barnett and Keith Reutter
Energy
Economics (2005) 225-35
Competitive local utilities lobbied for state
franchises creating unnatural monopoly power
Clean
air stranded costs: How big?
with Andy Barnett and Justin Isaacs
The Electricity Journal
(2002) 64-8
The
Clean Air Act and stranded capital of utilities
Retail competition and interstate
electricity trade in the Southeast
with Andy Barnett and Justin Isaacs
The Electricity Journal (2002) 68-74
Retail competition leads to substantial
consumer gains in high price states but losses in low price states
Short circuits in energy markets: California and competition
The Electricity Journal (2001) 72-3
Vertical
integration of refineries back into pipelines and oil fields raises their stock
returns
Wage
adjustments to increased energy taxes
Increased exports of electricity from Alabama
would raise demands for capital and labor
Only moderate substitution is found between
electricity and other inputs in Greece
Bottom feeding and cream skimming regulated
monopolies
Feasible in general equilibrium with capital,
labor, energy inputs
News and volatility of food prices
with Yuqing Zheng and Henry Kinnucan
Applied Economics (2007) 1-7
Unexpected
changes and volatility impact commodity prices
Industrial subsidies in Alabama:
Economic impact across counties
with Anthony Gadzey and
Osei Yeboah
Southern
Economics and Business Journal
(2005) 130-6
1% rate of return on industrial relocation
subsidies
State
economic incentives: Stimulus or reallocation?
with Pete Cacalgno
Public Finance Review
(2004) 651-65
Reallocation
only with no net stimulus across US states
Capital intensive export industries doing
well
A look at income distribution within and
across countries due to rising trade
Efficiency and privatization for
nationalized, regulated, and deregulated industries
A personal recollection from students and
colleagues
International Economics: Global
Markets & Competition, 5th ed, World Scientific
(2024)
Trade, Growth, and Poverty Reduction by T.N.
Srinivasan
International
Review of Economics and Finance
(2010)
Handbook on International Trade Policy
edited by Kerr and Gaisford
American
Journal of Agricultural Economics
(2009)
Economics of International Trade and the
Environment by Batabyal and Beladi
American Journal of Ag Economics (2004)