production and trade. Imposing stylized facts of growth as restrictions, we assess the relative size of the implied prediction …Factor endowments are usually taken as given in trade theoretical analyses of technological change. We use the …-sector small open economy, an effect which has largely been neglected in trade theory literature. We show that ignoring the …

the impact of trade on both dimensions of income distribution, this paper seeks to contribute to the ongoing debate on … results emerge. Firstly, the distributional effects of trade are highly sensitive to even minor changes to the assumption of … the 2 x 2 trade model. This suggests that due attention should be paid to the choice of the structural model. Secondly …

factors in the growth and increasing wage inequality in an advanced economy (the UK) since 1979. Calibration of a model to … for both growth and inequality. Calibrated TFP growth is consistent with the results from nonparametric growth accounting … more problems to modelling inequality than with growth: in particular, the main models in the literature, which take skill …

We develop a new model of trade in which educational institutions drive comparative advantage and determine the … support of human capital choices to demonstrate that freer trade can induce crowding out of the middle occupations towards the … gains from trade may be non-monotonic in workers' ability, and middle ability agents can lose the most from trade …

We develop a dynamic general equilibrium trade model with comparative advantage, heterogeneous firms, heterogeneous … workers and endogenous firm entry to study wage inequality during the adjustment after trade liberalization. We find that … trade liberalization increases wage inequality both in the short run and in the long run. In the short run, wage inequality …

The paper analyzes the potential trade distortion effects of state trading enterprises (STEs) on soybean imports to …

We use a dynamic general equilibrium trade model with comparative advantage, heterogeneous firms, heterogeneous workers … and endogenous firm entry to analyze economic policy meant to compensate the losers of trade liberalization and reduce the … instrument to reduce the wage inequality after trade liberalization are training subsidies. They increase the supply of skilled …

industries by including ``Buy local'' clauses into the stimulus package. By analyzing the dynamics of transitory changes of trade …

We reconsider the effects of long-run economic growth on relative factor prices across cones of specialization. We … model economic growth as exogenous technical change. Allowing for capital biased technical change with a sector bias and for … endogenous commodity prices, we find that economic growth may increase or decrease factor price differences across cones. For a …