Publications
Multilateral comparative advantage:
Complex trade for many countries and goods
International Economics and Economic Policy (2024) 285-96
Diversified exports is the rule
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) 75-89
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 nonrenewable and sustainable
energy
The Journal of Energy and Development (2024) 227-39
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
A macroeconomic simulation for Greece in
the wake of its government debt crisis
with Thomas Alexopoulos
Economic Change and Restructuring (2021) 699-716
Exchange rate pass through to consumer
prices: The increasing role of energy prices
with Hyeongwoo
Kim and Yin Ling
Open Economics Review (2021) 395-415
Six decades of inflation and money
demand
with Alexi Thompson
Journal
of Economics and Finance (2021) 240-51
An income determination model for Greece
in the Euro Zone
Australian Economic Papers (2020) 664-73
A macroeconomic model for a small member
of a monetary union
International Review of Economics and
Finance (2018) 564-7
The exchange rate regime switch and
current account in Greece, 1976-2014
with Alexi Thompson
Economia Internacionale (2018) 371-86
Tourism and income in Greece: A market
solution to the debt crisis
Athens Journal of Tourism (2017) 97-110
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
The exchange rate and US tourism trade,
1973-2007
with Ka Ming Cheng and Hyeongwoo Kim
Tourism Economics (2013) 883-96
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 with no euro switch 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
The high price of green energy:
Adjustments in general equilibrium
Review of Economic Analysis (2024) 160-71
Energy input interaction in US
production
with Cassandra Copeland
Review of Economic Analysis (2022) 525-41
Factor market competition including
energy input in the US economy
with Cassandra Copeland
Applied Economics (2022) 3557-66
Trends in factor price elasticities
adding energy to capital and labor in the US economy
Review of Economic Analysis (2019) 399-417
A physical production function for the
US economy
Energy Economics (2016) 185-9
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)