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Research Topics


Growth and Trade: The North Can Lose
Spilimbergo, Antonio
Working Papers - English - Jan, 1997

Models on the composition of trade and growth often assume that the technological content of trade is negatively correlated with the income of the trading partner. First, this paper shows that this assumption is not supported empirically. Second, it presents a Ricardian model with non-homothetic preferences.

Related JEL Codes:
F15 - Economic Integration
O41 - One, Two, and Multisector Growth Models

The Welfare Implications of Trading Blocs Among Countries with Different Endowments
Spilimbergo, Antonio; Stein, Ernesto H.
Working Papers - English - Mar, 1996

This paper presents a model in which trade is motivated both by preference for variety and comparative advantages. This framework is used to analyze the welfare implications of trading blocs among countries with different endowments with and without transportation costs.

De-Industrialization and Trade
Spilimbergo, Antonio
Working Papers - English - Nov, 1995

Baumol (1967) showed that the rate of growth of an economy slows down if a sector has lower productivity than others and the demand between goods is inelastic. This paper points out that trade is equivalent to technological progress in the tradable sector. Therefore an open economy has higher income but lower growth than a closed economy. Moreover, the reallocation of activity from one country to another country can have a negative effect on welfare when there is country-specific learning by doing.

Testing the Hypothesis of Collusive Behavior Among OPEC Members
Spilimbergo, Antonio
Working Papers - English - Nov, 1995

This paper presents a test to discriminate among behaviors of producers of exhaustible resources. The behavior of a competitive producer of an exhaustible resource should follow an Euler equation. The existence of futures markets allows us to sidestep the difficult issues related to estimating future prices and demand. This theoretical framework is used to test the hypothesis of collusive OPEC behavior between 1983 and 1991.

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