have placed an emphasis on the importance of trade with New World colonies, and the expanded supply of raw cotton it … provided. We test both hypotheses using calibrated general equilibrium models of the British economy and the rest of the world … trade with the rest of the world, not the American colonies, that allowed Britain to export its rapidly expanding textile …

trade in explaining British living standards or growth rates. We construct a three-region model of the world in which … Britain trades with North America and the rest of the world, and calibrate the model to data from the 1760s and 1850s. We find …

different levels of migration frictions. We bring the model to the data for the whole world economy at a 1°×1° geographic … regions in the world. We then use the model to study the effect of a spatial shock. We focus on the example of a rise in the … of the world economy. …

world of closed economies and vice versa. Second, factor price equalization in a given period does not imply factor price …

both developed and developing countries. In both country groups, comparative advantage has become weaker: productivity grew …