, there was little or no trade diversion away from the EU, implying that many of the anticipated long-run effects of Brexit … did not materialize before the new UK-EU trade relationship came into force in 2021. …

agriculture is driven by comparative advantage and non-homothetic preferences. Countries are integrated through trade but trade is … better fit to cross-sectional data on manufacturing shares than frameworks which ignore the role of trade costs or non … lowering of trade barriers. …

- US Free Trade Agreement (CUSFTA) of 1989. We compute predicted increases in trade flows and measured productivity across … magnitude relative to predicted increases in trade flows. Thus, most models are inherently incapable of simultaneously matching … trade and productivity reactions to freer trade, raising doubts about the accuracy of the quantitative predictions of a …

How does import protection affect export performance? In trade models with scale economies, import liberalization can … export growth following the permanent normalization of trade relations with China (PNTR). But there was also an offsetting … quantitative trade model. Counterfactual analysis implies that while PNTR increased aggregate US exports relative to GDP, exports …

In a two-country international trade model with oligopolistic competition, we study the conditions on market structure … and trade costs under which a merger policy designed to benefit domestic consumers is too tough or too lenient from the … present levels of trade costs merger policy is too tough in the vast majority of sectors. We also quantify the resulting …

How does import protection affect export performance? In trade models with scale economies, import liberalization can … export growth following the permanent normalization of trade relations with China (PNTR). But there was also an offsetting … quantitative trade model. Counterfactual analysis implies that while PNTR increased aggregate US exports relative to GDP, exports …

, there was little or no trade diversion away from the EU, implying that many of the anticipated long-run effects of Brexit … did not materialize before the new UK-EU trade relationship came into force in 2021 …

theory characterizes how innovation and learning determine technology gaps, trade and global income inequality. Countries … innovation-dependence by industry from R&D and bilateral trade data. Calibrating the model implies technology gaps, due to cross …