model where an unequal distribution of land quality in presence of trade opportunities conferred differential gains from … transfers in return for safe passage to conduct trade. A commitment problem, however, rendered a merely static redistribution …This study explores the interaction between trade and geography in shaping the Islamic economic doctrine. We build a …

In a standard multi-sector, heterogeneous-firm trade model the effect of tariffs on entry, especially in the presence … trade, entry, and welfare effects of trade liberalization over the period 1990-2010. We find that the impact on firm entry … was larger in Advanced Economies relative to Emerging and Developing Economies; that more than 90% of the gains from trade …

Should a nation's tax system become more progressive as it opens to trade? Does opening to trade change the benefits of … markets and Ricardian trade. Consistent with empirical evidence, adverse shocks to comparative advantage lead to labor income … from trade. However, it also reduces the incentives for labor to reallocate away from comparatively disadvantaged locations …

This paper studies the implications of household heterogeneity for trade. I develop a model where household … heterogeneity is induced via incomplete markets and results in heterogeneous price elasticities. Conditional on exposure to trade … experience different gains from trade. I calibrate the model to match bilateral trade flows and micro-facts about household …

In this paper we assess the effects of the MFA/ATC using both world trade and US data after its removal. Previous … literature assesses its effects while in operation. The trade data we analyze are consistent with theoretical predictions of more … trade volumes, lower product prices, smaller effect of RTA on trade, less transshipment and quota hopping investment, and …

from conventional trade theory. Recent research has suggested that these dynamic welfare gains from trade can be … international trade is a key determinant of firm profitability and survival, it is natural to expect it to play a key role in … empirical literature on trade and innovation. We highlight four key mechanisms through which international trade affects …

-parametric sufficient statistics for arbitrage gains from trade and terms of trade, and a non-parametric elasticity of terms of trade with … respect to supply. For world manufacturing trade 2000-2014, China's gains rose 2%yearly and terms of trade fell 8.3%. US gains … fell 2% yearly and terms of trade rose 5.5%. Counterfactual industrial policy that raises US 2014 world sales share by 1 …

technologies characterized by factor and input intensity. We evaluate the welfare and productivity gains from reductions in trade …

This paper develops and implements a framework for quantifying the gains to international trade in risky financial … delivers closed-form analytic solutions for consumption, portfolio allocations, asset prices and the gains to trade. We find … enormous gains to trade when asset returns are calibrated to observed risk premia and all agents participate in asset markets …