outcomes. Since our panel covers the years 2002 to 2006, we can use changes in import tariffs associated with China's WTO entry …

-regulatory convergence has also contributed to the spur of cross-border financial transactions. Trade in goods, while highly correlated with …

This paper introduces a new methodology for the estimation of demand trade elasticities based on an import intensity … components by using the OECD Input-Output tables. We argue that the composition of demand plays a key role in trade dynamics … 2008-09 Great Trade Collapse. …

This paper develops a simple model of international trade with intermediation. We consider an economy with two islands … frictions, our model reduces to a standard Ricardian model of trade. We use this simple model to contrast the implications of … changes in the access to these Walrasian markets, which allow farmers to trade with traders from different islands. We find …

The basic gains-from-trade theorem makes a stark comparison between completely free trade and complete autarky. This … paper is motivated by recent evidence that trade has greatly expanded on the extensive margin (aka fragmentation, offshoring …) by adding newly traded goods and services and that much of this new trade is in intermediates. I provide an extension of …

gains from trade, or a (negative) terms of trade effect linked with the vanishing effect of distance on wages. This paper …

The theory of international trade has paid scant attention to market institutions. Neither neoclassical theory nor new … trade models typically specify the process by which supply and demand meet. Yet in the real world, intermediaries play a … central role in materializing the gains from exchange outlined by standard trade theories. In Antràs and Costinot (2010), we …

Specialization alters the incidence of manufacturing trade costs to buyers and sellers, with pro-and anti … predicted local trade to predicted frictionless local trade) and the Total Factor Productivity effect of changing incidence. A …

This paper integrates in a unified and tractable framework some of the key insights of the field of international trade … and economic growth. It examines a sequence of theoretical models that share a common description of technology and … preferences but differ on their assumptions about trade frictions. By comparing the predictions of these models against each other …

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 …