This paper integrates in a unified and tractable framework some of the key insights of the field of international trade … preferences but differ on their assumptions about trade frictions. By comparing the predictions of these models against each other …, it is possible to identify a variety of channels through which trade affects the evolution of world income and its …

supply side at center stage, affording little or no role for demand or overseas trade. Recently, alternative explanations … have placed an emphasis on the importance of trade with New World colonies, and the expanded supply of raw cotton it … for 1760 and 1850. Neither claim is supported. Trade was vital for the progress of the industrial revolution; but it was …

Many previous studies of the role of trade during the British Industrial Revolution have found little or no role for … trade in explaining British living standards or growth rates. We construct a three-region model of the world in which … that while trade had only a small impact on British welfare in the 1760s, it had a very large impact in the 1850s. This …

We estimate the effect of international trade on average labour productivity across countries. Our empirical approach … relies on a summary measure of trade that, we argue, is preferable to the one conventionally used on both theoretical and … empirical grounds. In contrast to the marginally significant and non-robust effects of trade on productivity found previously …

Economic growth and trade liberalization since the 1970s have led to rapid growth in exports from many developing …

barriers to trade. But a backlash against this view now suggests that trade policies have little or no impact on growth. If …" (Easterly 2005, Rodrik 2006). However, the empirical basis for judging recent trade reforms is weak. Econometrics are mostly ad … hoc; results are typically not judged against models; trade policies are poorly measured (or not measured at all, as when …

What is the impact of movement towards free trade on output? Can this impact permanently affect output levels, and more … of their trade. The model developed here emphasizes the role that knowledge spillovers emanating from heightened trade …

of trade windfall, perversely generates a more than proportionate increase in fiscal redistribution and reduces growth …