This paper discusses the existence of 'home' biases in the 19th century global capital market, whereby colonies appear … that colonies were more akin to the 'regions' of modern countries …

This paper studies the trade of China in the past 150 years, starting from the first opening of China after the Opium … War. The main purpose of the paper is to identify what is (and was) China’s ‘normal’ level of foreign trade, and how these … levels changed under different trade regimes, from 1840 to the present. We present new evidence on China’s foreign trade …

This paper develops a structural empirical general equilibrium model of aggregate bilateral trade with path dependence … disentangle the role of changes in trade costs, in labor endowments, and in total factor productivity for trade, bilateral market … entry, numbers of firms active, and welfare. Dynamic gains from trade differ significantly from static ones, and path …

This paper reviews the empirical evidence on firm heterogeneity in international trade. A first wave of empirical … findings from micro data on plants and firms proposed challenges for existing models of international trade and inspired the … multi-product firms, offshoring, intra-firm trade and firm export market dynamics. …

This paper shows that electoral incentives deter politicians from supporting trade liberalization. We focus on all … major trade bills introduced since the early 1970s in the U.S. Congress, in which House and Senate members serve … likely to support trade liberalization than House representatives. However, this result does not hold for the last generation …

I survey the influence of Grossman and Hart's (1986) seminal paper in the field of International Trade. I discuss the … the structure of international trade flows. I also review empirical work suggestive of the empirical relevance of the …