We consider two countries with initially one firm in each country and the possibility for each firm to invest in the other country or commercialize its products, and for workers to immigrate (Common Labor Market; CLM). Interestingly, when firms…
The European Union (EU) has long been Tunisia’s leading trade partner. Bilateral trade increased sharply after Tunisia and the EU signed an Association Agreement in 1995 aimed at creating a free trade area for goods, excluding agricultural and…