typically found in other studies of aggregate U.S. trade flows …

a low value to this parameter. The international trade literature, which is more concerned with long-run changes in … trade flows following a change in relative prices, assigns a high value to this parameter. This paper constructs a model …

the sector than any other large developing economy. Using the gravity model of trade, we decompose bilateral trade into … trade costs. We identify 10 developing economies for which manufacturing represents more than 75% of merchandise exports …

New goods play a central role in many trade and growth models. We use detailed trade and firm-level data from a large … developing economy--India--to investigate the relationship between declines in trade costs, the imports of intermediate inputs … and domestic firm product scope. We estimate substantial static gains from trade through access to new imported inputs …

- all, the results support models in which trade triggers both substantial selection and technological learning …

quantification of the gains from trade. We first focus on the impact of trade liberalization on imported variety by analyzing the … resulting welfare gains were small because of strong heterogeneity across imported goods. Upon trade liberalization, the new … (domestic plus imported) can either increase, decrease or remain constant with trade liberalization. More importantly, the gains …