barrier to trade: having an additional vertically integrated establishment in a given destination zip code has the same effect … on shipment volumes as a 40 percent reduction in distance. We then calibrate a multisector trade model to quantify the …

. Trade network centrality is the best predictor of a currency's average exposure to systematic risk …

effects of trade. We estimate the model using the structural relationship between China-shock driven changes in manufacturing …

. Empirically, we collect a large dataset on aggregate and bilateral trade flows as well as output for 51 countries. We find that … significantly deviates from the evolution of world GDP. Finally, using exogenous variation in trade-related distances to world …

gravity model of trade which requires neither the exogeneity of UMP, nor instrumental variables for UMP. In practice … eviscerate international trade …

. Agricultural trade flow elasticities then depend on comparative advantage, with larger-magnitude trade flow responses predicted …. This is in contrast to standard log-linear gravity models, which impose a restrictive pattern of trade flow elasticities … product-specific trade costs. This allows the model to analyze changes in the dispersion of trade costs across products. Such …

. Intra-regional trade exceeds what can be explained by the proximity of a pair of countries, their sizes and GNP/capitas, and … intercontinental transport costs are neither prohibitive nor zero. If transport costs are low, continental Free Trade Areas can reduce … Preferential Trading Arrangements, despite the GATT's Article 24. The super-natural zone occurs when the regionalization of trade …

Does Japanese trade in manufactured goods differ from the rest-of-the world average and from the U.S.? We use a simple …