attention to the role of firms when discussing international trade. This paper summarizes key differences between trading and … non-trading firms, demonstrates how these differences present a challenge to standard trade models and shows how recent … 'heterogeneous-firm' models of international trade address these challenges. We then make use of transaction-level U.S. trade data to …

We consider a Heckscher-Ohlin model in which goods and factors of production can be traded, but trade involves … transactions costs. Goods trade alone will not equalize factor prices, so there is an incentive for trade in factors of production … no trade, there is goods trade only, there is factor trade only, and there is trade in both goods and factors. This …

supply side at center stage, affording little or no role for demand or overseas trade. Recently, alternative explanations … have placed an emphasis on the importance of trade with New World colonies, and the expanded supply of raw cotton it … for 1760 and 1850. Neither claim is supported. Trade was vital for the progress of the industrial revolution; but it was …

Many previous studies of the role of trade during the British Industrial Revolution have found little or no role for … trade in explaining British living standards or growth rates. We construct a three-region model of the world in which … that while trade had only a small impact on British welfare in the 1760s, it had a very large impact in the 1850s. This …

During the last two decades new research has greatly advanced our understanding of the structure of world trade. This … foreign trade the discussion is in two parts. One part examines the links between factor endowments and trade flows. New … across countries. A second part examines determinants of the volume of trade, the share of intra-industry trade and evidence …

trade, energy demand, and welfare. For this, we develop a structural Eaton-Kortum type general equilibrium model of … international trade which includes an energy sector. We estimate the key parameters of that model and calibrate it to domestic …. The model helps understanding the interplay between country-specific energy productivity, energy demand, and trade. The …