in trade flows. We apply our method to trade data between 1990 and 2015 for the world’s 100 largest economies. We find …

How do trade costs affect international trade? This paper offers a new approach. We rely on a flexible gravity equation …

(2002) argue that the canonical gravity model of trade fails when confronted with bilateral trade balances data, dubbing … gravity literature, we demonstrate that the workhorse international trade model actually performs well in explaining bilateral … perform several general equilibrium experiments within the same structural gravity framework to show that free trade …

world of balanced international trade. Specifically, we build a Ricardian quantitative trade model including sectoral input … benefits in terms of lower global emissions. Globally, the simultaneous removal of all trade imbalances would lower world …

growth in manufacturing world trade along these two margins. We propose a "cornersolutions- version"of the gravity model to …World trade evolves at two margins. Where a bilateral trading relationship already exists it may increase through time … have not traded with each other in the past (extensive margin). We provide an empirical dissection of post-World-War- II …

model with heterogeneous investors and imperfect capital mobility. Our model yields a gravity equation for bilateral foreign … asset positions. We estimate this gravity equation using recently developed foreign investment data that have been restated … benchmark calibration, we estimate that the capital misallocation induced by these barriers reduces World GDP by 7%, compared to …

intensity. Next, using a novel data set based on the World Input-Output Database (WIOD), we examine the importance of the supply …