This chapter investigates the non-market response of firms to international trade shocks increasing the level of … the cost-benefit trade-off between innovation and lobbying is relatively less appealing for low productivity firms, but …

trade shocks across CZs, but miss around half of the aggregate effect, partly due to the offsetting action of indirect …

This paper presents new evidence on international trade and worker outcomes. It examines a big world event that … studies the impact of trade on wages and worker training. Wages and training fell for workers employed in sectors where the … intermediate imports. This provides new direct evidence that, in the modern world of global value chains, it is changes in the cost …

How does international trade affect the popularity of governments and leaders? We provide the first large … response of political preferences to trade shocks. Using a unique data set including 118 countries and nearly 450 …,000 individuals, we find that growth in high skill intensive exports (of goods and services) increases approval of the leader and …

This paper demonstrates theoretically that a financial shock can have very persistent effects on international trade …. Motivation is taken from the aftermath of the dramatic trade collapse in 2008-9, which despite a substantial recovery, has left a … persistently slower growth rate in trade. We find conditions under which a transitory financial shock significantly reduces the …

effects of trade. We estimate the model using the structural relationship between China-shock driven changes in manufacturing …

A widely held view is that openness to international trade leads to higher GDP volatility, as trade increases … important, openness to international trade can lower GDP volatility by reducing exposure to domestic shocks and allowing … countries to diversify the sources of demand and supply across countries. Using a quantitative model of trade, we assess the …

models, the effects of trade shocks on consumers' purchasing power are governed by the shares of imports in consumer …How much do consumption patterns matter for the impact of international trade on inequality? In neoclassical trade … shares across the income distribution in the United States, using new datasets linking expenditure and customs microdata …

export, we use Belgian data with information on both domestic firm-to-firm sales and foreign trade transactions. Our …