We develop a heterogeneous-firms model with trade in goods, labor mobility and credit constraints due to moral hazard … trade liberalization. While the former leads to more dispersion of economic activity across space, the latter tends to drive …

Recent trade theory in the Krugman (1980) tradition predicts that countries with larger market size enjoy higher levels … spending on inputs is affected by trade costs. However, in cross-country data, there is no such positive correlation between … is implicitly assumed in the usual formulation of aggregate CES production functions. Whether trade liberalization …

Migrants shape market access: first, they reduce international trade frictions and second, they change the geographical … exports and imports to immigrant population and quantifies these effects in a model of inter- and intra-national trade and … migration calibrated to US states and foreign countries. Reducing US migrant population shares back to 1980s levels increases …

The paper reviews recent literature on the economics of migration and diasporas, focusing on economic gains and …

We develop a two-country, two-sector model with a continuum of workers to address the link between migration and trade … more likely to be supported by a simultaneous referendum on trade and migration than in one on trade alone? The key to our … analysis is the recognition that for free trade, migration, or trade and migration to be adopted, the relevant policy must pass …

We present a unified dynamic framework to study the interconnections between international trade and business cycle … externalities and dynamic trade models that feature monopolistic competition, endogenous entry, and heterogeneous firms. The … that the model is isomorphic to dynamic trade models that embody love-of-variety and selection effects. In a quantitative …

-income tax rate increases GDP, wages, consumption, investment, and business density. The trade balance is at the same time …

connect the theory of trade with heterogeneous firms to the real-world empirical evidence that motivated the development of …

exports. The paper modifies Arkolakis's (2010) model of trade with heterogeneous firms by introducing endogenous quality and …