External link to How far can trade unions benefit managers as well as workers?
External link to What Are the Advantages of Trade Liberalization
Introduction A trade union refers to an organization with members consisting of workers and union leadership who are united for the promotion and protection of their common interests. Workers come together in a union so as to pursue such goals as the protection of the integrity of their trade, clamour for higher pay and employment, and better working conditions (Reynolds, 2008). A trade union could […]
External link to Bilateral trade model specification
Trade liberalization seems to have increased growth and income through lower price, advanced inputs, technology sharing and access to various infrastructures. However, these gains have been appeared as inverse in case of low-income countries. Great thinkers like Milton Friedman, Adam Smith, David Ricardo, Heckscher- Ohlin and others advocate for free trade. Such great thinkers claim that all those who are involved in trade gets benefited. […]
In this paper, I base this model on the gravity model of international trade as Smith (1999, 2000, and 2002) and Rafiquzzaman (2002). The gravity trade model states that the amount of trade between two countries can be evaluated on their country-level characteristics (Anderson, J. E. , 1979). The basic gravity model can be derived as below: Xijk = ? 0i (Qj/Nj) ? 1i (Nj) […]