The link between trade and wages is embodied in the Stolper-Samuelson theorem and its generalizations. The Stolper …-Samuelson logic is that trade affects relative factor rewards by changing relative prices. Since in Argentina non-skilled labor was … complete surprise. This paper gives some reasons for this unexpected result. In Argentina, trade liberalization meant mainly …

This short note tries to argue that distance is not necessarily harmful for trade. It is shown that there may be an … increase in the production and volume of trade if time zones of the trading nations are non-overlapping. This implies a … positive effect of distance on the volume of trade. It is also shown that exploitation of time zone difference raises welfare …

Picture a small open economy in the North Atlantic Ocean, highly dependent on trade with the EU and NAFTA. How …

challenge the view that greater openness to trade automatically leads to improved firm entry institutions. My model enables … calculating business entry impediments whereas lobbying game produces structural estimates of the counterfactual levels of trade … extensive margin and asymmetries in technology and trade costs. Importantly, the model demonstrates that startling differences …