We propose a model of "trade" between high income and low-income groups where the rich being scared of the spread of infection hires the poor to engage them in exposure-intensive outdoor activities as workers in the household industry. People who endure hardships and sustain exposure to...

COVID-19 is expected to have contributed towards changing the geographical structure of world trade, including trade between individual EU countries and China. This article presents the results of an analysis of the impact of the COVID-19 pandemic on Sino‑EU trade flows. The research aims to...

We analyze the effects of trade under relocations from an innovator to a follower region in a context with region-specific monetary policy and long-run inflation. We propose an endogenous growth model with intermediate goods of different skill intensities that are traded internationally. We show...

Resource-based theories of product diversification argue that firms grow by diversifying into products that share common capabilities. We bridge the product diversification literature and the innovation literature by documenting the positive correlation between a firm’s innovation-based...

We illustrate a new source of comparative advantage that stems from countries’ different ability to adjust to technological change. In our model, workers in codifiable (routine) tasks can be substituted for more efficient machines, a process extensively documented in the labor literature. Our...

Earlier works derive empirical implications that institutional quality is very influential as a source of comparative advantage in industries requiring relationship-specific investment from the supplier. However, as earlier studies focus on investigating the impact of institution on the...

This study is an attempt to examine similarities and differences in the patterns of revealed comparative advantage (RCA) of India and China in the global market at different levels of classification. The study analyses whether RCAs of these economies have undergone any structural shift/change or...