This paper shows empirically that China's trade balance is sensitive to fluctuations in the real effective exchange … rate of the renminbi. However, the current size of the trade surplus is such that exchange rate policy alone will probably … not be able to address the imbalance. The potential reduction in the trade surplus resulting from an increase in the …

In "new" new international trade theory, whether firms export or not are determined by their productivity. These models …

This paper investigates short and long-run effects of trade liberalization on employment and wages. Employment and wage …