During the last two decades new research has greatly advanced our understanding of the structure of world trade. This … foreign trade the discussion is in two parts. One part examines the links between factor endowments and trade flows. New … across countries. A second part examines determinants of the volume of trade, the share of intra-industry trade and evidence …

We investigate theoretically and empirically the competitive effects of increased trade on prices, productivity and … bias of monetary policy. Our results suggest that increased trade could account for as much as a quarter of European …

will be net exporters in scale-intensive industries. The hypotheses are empirically tested by studying the trade of each …

investigates how global value chain-related trade affects the export performance of manufacturing firms in South Africa. In … results confirm that global value chain-related trade is associated with a higher productivity premium compared with … traditional trade. However, within the categories of exporters, only the firms that trade in global value chain-related products …

trade, and the relative price of manufacturing goods. More than 70% of the variation in per capita income can be explained …

equilibrium model of trade under imperfect competition. The focus of the paper is the welfare consequences of reducing trade … barriers and the changes in production and trade flows with the rest of the world. Welfare changes by country are reported and … these are decomposed by source of gain. Two sets of results are reported: a `segmented market' experiment where trade costs …

- US Free Trade Agreement (CUSFTA) of 1989. We compute predicted increases in trade flows and measured productivity across … magnitude relative to predicted increases in trade flows. Thus, most models are inherently incapable of simultaneously matching … trade and productivity reactions to freer trade, raising doubts about the accuracy of the quantitative predictions of a …

The pattern of trade observed from firm-product-country data calls for a new generation of models. To address the …