We build and estimate a structural dynamic general equilibrium model of growth and trade. Trade affects growth through …, growth affects trade, directly through changes in country size and indirectly through altering the incidence of trade costs …. Theory translates into an intuitive econometric system that identifies the causal impact of trade on income and growth, and …

We develop a dynamic multi-country trade model with foreign direct investment (FDI) in the form of non-rival technology … capital. The model nests structural gravity subsystems for FDI and trade, with accumulation/decumulation of phyisical and … to 9% of world’s welfare and to 11% of world’s trade, unevenly distributed among winners and losers. Net exports of FDI …

linkages, trade in intermediate goods and sectoral heterogeneity in production. We use our model to quantify the welfare effect … of the disruption in production that started in China and then quickly spread across the world. We find that the COVID-19 …

Gravity as both fact and theory is one of the great success stories of recent research on international trade, and has … featured prominently in the policy debate over Brexit. We first review the facts, noting the overwhelming evidence that trade … general-equilibrium system. Next, we point out some anomalies with the theory: mounting evidence against constant trade …

Trade facilitation policy focuses on accelerated and transparent shipment processing to reduce trade costs. A common … economically relevant to determine import processing costs, predict who would benefits from trade facilitation, and interpret …

be explained by ownership differences in access to finance. We develop a theoretical model of international trade …

This paper analyses the effect of international borders and of trade agreements at international borders on subnational … (i.e. regional) growth. We construct an extensive panel dataset covering 1,350 regions in 86 countries worldwide between … 1950 and 2017. Our results show that international borders decrease regional income per capita, while trade agreements at …

We quantify the effect of container technology on transport costs and trade by estimating the modal choice between … containerization and breakbulk shipping using micro-level trade data. The model is motivated by novel facts that relate container usage … trade increase since its inception: a quantitative exercise suggests that Turkish and U.S. maritime exports would have been …

first-time patent applicants achieve significantly higher export growth, compared to otherwise similar first-time applicants … contracts, mitigating information frictions in international trade. There is little evidence for the relaxation of financial …

The recent literature on firm-to-firm trade has documented salient empirical regularities of the buyer-seller network …