Lewis, Logan T.; Monarch, Ryan; Sposi, Michael; Zhang, Jing - 2018
. Such structural change restrained "openness"—the ratio of world trade to world GDP—over this period. We quantify this … with a general equilibrium trade model featuring non-homothetic preferences and input-output linkages. Openness would have …. Structural change is critical for estimating the dynamics of trade barriers and welfare gains from trade. Ongoing structural …