This Paper challenges two widely held views: first that trade performance has been the primary reason for the declining …

We investigate the relationship between GDP per capita, trade costs, demand, and income inequality between 1996 and … higher or lower income elasticities so that income inequality and GDP per capita matter for the direction of trade. CES …-based market potential measures are typically only a function of overall income and trade costs, but in AIDS relative incomes and …

International trade is primarily conducted by large, multiproduct firms (MPFs) that pay above average wages and exhibit …. Trade liberalization then has an ambiguous effect on aggregate welfare: lower trade costs increase access to foreign goods …

decline, U.S. imports of light oil fall dramatically, and light oil crowds out the use of medium crude by U.S. refiners. In …

offer evidence that the predictions of our model are consistent with WTO trade dispute data, and we take a first step …

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

We study the relationship between international trade and development in a model where countries differ in their …. Theoretically, we show that it is possible for international trade to increase capability growth in all countries and, in turn, to …, we provide causal evidence consistent with (i) using the entry of countries into the World Trade Organization as an …

-movements of global factors in asset prices and capital flows with commodity prices, international trade and world output as well …

the cost-resiliency trade-off. We propose the risk-versus-reward framework from portfolio theory as a good way to evaluate …

-dimensional connections between globalization and innovation. We develop a model that features many of those mechanisms that connect trade and … restrict that participation to exports). Our model also highlights how exposure to international markets affects the incentives …