Hummels, David; Ishii, Jun; Yi, Kei-Mu - Federal Reserve Bank of New York - 1999
Dramatic changes are occurring in the nature of international trade. Production processes increasingly involve a … with the fact that trade barriers (tariffs and transportation costs) are incurred repeatedly as goods-in-process cross …, large trade growth, and large gains from trade. We formally illustrate these points by developing an extension of the …