Using data on trade-induced displacements, this paper documents that locations facing more foreign competition in the U.S. have: higher job destruction rates, lower job creation rates, and thereby lower employment rates. In contrast to standard trade theory, a model with variable markups and...

Innovation is often considered the cornerstone of modern economic growth. In the same vein, international trade has traditionally been characterized as the handmaiden of growth. Yet, the relationship between innovation and trade is a complex one. This paper discusses how innovation-leaders...

What kinds of changes in foreign competition lead domestic industries to seek import protection? To address this question this paper uses detailed monthly U.S. import data to investigate changes in import composition during a 24-month window immediately preceding the filing of a petition for...

The testimony argues that the United States has recently disengaged from formal economic cooperation with the Asia-Pacific region, an important historical partner and the world’s fastest-growing economy. Meanwhile, the region has moved ahead with its own agreements, the Comprehensive and...