We propose a simple method to identify the effects of unilateral and non-discriminatory trade policies on bilateral … trade within a theoretically-consistent empirical gravity model. Specifically, we argue that structural gravity estimations … should be performed with data that include not only international trade flows but also intra-national trade flows. The use of …

What has been the overall global welfare impact of the accession to the World Trade Organization of a large country … simple user-friendly formula to calculate the global welfare impact of the simultaneous trade liberalization of a number of … countries? How sensitive is the answer to the assumption of the trade model? We find a striking answer to these questions. We …

Natural resources account for 20% of world trade, and dominate the exports of many countries. Policy is used to … (equivalent to trade taxes if no domestic production is possible). We review the literature, and argue that the policy equilibrium …

This paper examines the trade policy response of Latin American governments to the rapid growth of China and India in …

Recent quantitative trade models treat import tariffs as pure cost shifters so that their effects are similar to … iceberg trade costs. We introduce revenue-generating import tariffs, which act as demand shifters, into the framework of … Arkolakis, Costinot and Rodriguez-Clare (2012), and generalize their gains from trade equation. Our formula permits easy …

This paper proposes a new panel data structural gravity approach for estimating the trade and welfare effects of Brexit …. The suggested Constrained Poisson Pseudo Maximum Likelihood Estimator exhibits some useful properties for trade policy … analysis and allows to obtain estimates and confidence intervals which are consistent with structural trade theory. Assuming …

This paper examines the effect of trade integration and comparative advantage on one of a country's institutions, which … economic efficiency. Trade integration alters the relative value of the elite's wealth. This alters the lower classes … determines whether trade integration increases or reduces economic efficiency. The econometric findings support the model's main …

normative aspects of international trade. Assuming “continuum-Pollak” preferences, the model allows for consistent aggregation … continuum-quadratic preferences, I explore the model's implications for the gains from trade, for the distribution of income … between wages and profits, and for production and trade patterns in a two-country world …

-affiliated firms differentially changed their input sourcing this paper uses Chinese product trade data for 1997 to 2009 which report … trade transactions by firm ownership type. Compared with import transactions for other firms, the data show that foreign … quantities on the extensive margin. While China’s content-based auto import trade policy was repealed in 2009 after China lost …