We use Italian firm-level data to investigate the impact of trade openness on the distribution of firms across marginal …

In models with heterogeneous firms trade integration has a positive impact on aggregate productivity through the … and variable markups using firm-level data and aggregate trade figures on a panel of 11 EU countries. We find that EU … trade has a sizeable impact on aggregate productivity. In 2000 the introduction of prohibitive trade barriers would have …

The purpose of this paper is two-fold. First, we present a model of agglomeration and trade that displays the main …

In this Paper, we show that with international externalities, different country sizes, imperfect competition and trade … scenarios the resulting inefficiencies in international specialization and trade flows vanish when trade costs are low enough …

environment that captures the effects of interregional and intersectoral trade in propagating disaggregated productivity changes … pairwise interregional trade across all 50 U.S. states, 26 traded and non-traded industries, labor as a mobile factor, and … matches the U.S. input-output matrix. Using data on trade flows by industry between states, as well as other regional and …

-known empirical regularity that trade is much lower across a national border than would otherwise be expected. We calibrate total … bilateral trade frictions as a parameter and show that frictions between nation states are systematically higher than those … border, then the trade costs of the break-up of countries into smaller states (even within the EU) are significant. The …

We assess the impact of U.S. trade policy uncertainty (TPU) toward China in a tractable general equilibrium framework … turn reduces trade flows and real income for consumers. We apply the model to analyze China's export boom around its WTO … normal trade relationship status and thus ending the annual threat to revert to Smoot-Hawley tariff levels. We construct a …

and entry decisions in the context of international trade. When market entry costs are sunk, policy uncertainty can create … dynamic, heterogeneous firms model we show that: (i) investment and entry into export markets is reduced when trade policy is … uncertain, and (ii) preferential trade agreements (PTAs) are valuable to exporters even if applied trade barriers are currently …