Bilateral trade balances often play an important role in the international trade policy debate. Academic economists … understand that they are misleading indicators of competitiveness and of the gains from trade. However, they also recognize their … (2002) argue that the canonical gravity model of trade fails when confronted with bilateral trade balances data, dubbing …

Bilateral trade imbalances are determined by aggregate trade imbalances, production and expenditure patterns, and trade … barriers. We calibrate a dynamic many-sector trade model to match the recent sectoral trade and production shares of 40 … residual trade "wedges" are needed for the model to match the data. These account for roughly 60% of the variation, with most …

We examine the dynamic impact of household borrowing on the trade balance using data from 33 developing countries and … trade balance is by and large negative, both in the short and long run. We show that household borrowing’s adverse effects … on the trade balance are more pronounced but less persistent in developing countries …

international trade and two groups of countries that differ with respect to fuel demand and environmental damage. It investigates …

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 …

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 …

international trade, self-enforcing - or stable - IEAs may comprise up to 60% of all countries (Eichner and Pethig 2013). But these … coalitions are Stackelberg leaders and set tariffs in addition to their cap-and-trade schemes. Surprisingly, these smaller IEAs …