In this paper, we develop a network perspective on the welfare gains from trade in today’s internationally fragmented … supply chains. Towards this end, we study a Ricardian trade model featuring trade in final and intermediate products, and … introduce a novel comparative statics approach to decompose the total welfare effects of an arbitrary trade cost shock into …

between enemies versus trade between friends to provide some evidence that is consistent with the theory …We analyze how trade openness matters for interstate conflict over productive resources. Our analysis features a terms-of-trade … channel that makes security policies trade-regime dependent. Specifically, trade between two adversaries reduces each one …

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

international trade and can be destructive; however, once a winner is declared, arming is unnecessary in future periods. By contrast …, a peaceful resolution avoids destruction and supports mutually advantageous trade; yet, settlements must be renegotiated … initial distribution of resource endowments, greater gains from trade can reduce arming and pacify international tensions …

This paper revisits the relationship between international trade and economic growth. We measure trade openness indices … in explaining growth gains from trade. Using sectoral level data from WORLD KLEMS Database on industrial productivity and … output and global input output tables to construct the measures of trade openness, our empirical analysis covering 21 …

We extend structural gravity models of bilateral trade flows to oligopolistic competition. We show that conventional … gravity estimates do not only reflect trade costs but also market power. Our simple estimation procedure generalizes the … standard gravity model and disentangles exogenous trade frictions and endogenous market power distortions. We use our estimated …

develop an elaborate dynamic wage fund model in the context of contemporary economic theory. The modified golden rule can be … show that, although international trade in a static setting in the wage fund framework has real asymmetric distributional … nullified in the dynamic setting. In fact, trade liberalization is Pareto improving along the balanced growth path …

This paper revisits the relationship between international trade and economic growth. We measure trade openness indices … in explaining growth gains from trade. Using sectoral level data from WORLD KLEMS Database on industrial productivity and … output and global input output tables to construct the measures of trade openness, our empirical analysis covering 21 …

We study the gains from trade in a model with oligopolistic competition, heterogeneous firms and innovation, and …-relevant feature of market power above and beyond markup dispersion. Trade liberalisation increases foreign competition and reduces the … increases welfare via productivity improvements. In the calibrated version of the model we show that a trade-induced increase in …