typically found in other studies of aggregate U.S. trade flows …

derive devaluation elasticities and some estimates of the equilibrium real exchange rate that would cause the U.S. trade …

a low value to this parameter. The international trade literature, which is more concerned with long-run changes in … trade flows following a change in relative prices, assigns a high value to this parameter. This paper constructs a model …

international trade. A distinction is made between two types of buyer investment: "flexible" and "specific." Their interactions with … variety of products traded, and (ii) less product variety is associated with more intrafirm trade. The possibility of multiple … variety and intrafirm trade …

trade policy, namely that trade protection should be higher in sectors characterized by lower import penetration (we call … assumptions that trade taxes are the only policy instruments and that the government has access to non-distortionary taxation. We … analyze a model in which the government can use quotas and VERs in addition to trade taxes and raising public funds may be …

Corruption and imperfect contract enforcement dramatically reduce trade. This paper estimates the reduction, using a … institutions constrain trade far more than tariffs do. We also find that omitting indexes of institutional quality from the model … institutions offers a simple explanation of the observed global pattern of trade, in which high-income, capital-abundant countries …