This chapter discusses whether and how 'new quantitative trade models' (NQTMs) can be fruitfully applied to quantify … the welfare effects of trade liberalization, thus shedding light on the trade-related effects of further European … integration. On the one hand, it argues that NQTMs have indeed the potential of being used to supplement traditional ‘computable …

This paper considers the location effects of geographically discriminatory trade policy. A preferential move towards a …

of industry-specific bilateral trade integration that has an in-built control for time-varying multilateral resistance …. This trade integration measure is consistent with a broad range of recent trade models including the Anderson and van … such as Technical Barriers to Trade. Trade integration is generally lower for countries that opted out of the Euro or did …

Many studies have found that international borders represent large barriers to trade. But how do international borders … consider a data set of exports from individual U.S. states to foreign countries and combine it with trade flows between and … within U.S. states. After controlling for distance and country size, we estimate that relative to state-to-state trade …

using one particular illustration, the gravity equation for trade, and apply the proposed technique to provide new estimates …

The theoretical result that there are welfare gains from trade is a central tenet of international economics. In a … class of trade models that satisfy a "gravity equation," the welfare gains from trade can be computed using only the open … economy domestic trade share and the elasticity of trade with respect to variable trade costs. The measured welfare gains from …

Barriers to international trade are known to be large but because of data limitations it is hard to measure them … bilateral trade costs that indirectly infers trade frictions from observable trade data. I show that this trade cost measure is … consistent with a broad range of leading trade theories including Ricardian and heterogeneous firms models. In an application I …