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 …

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 propose a stylized monopolistic competition model of international trade where firms differ with respect to the … too much exporting. Asymptotically, trade liberalization reduces overall general equilibrium exit rates, but it does not … novel interpretation of the recent trade slump. …

This paper derives a new effect of trade liberalisation on the quality of the environment. We show that in the presence … relative importance of these effects, and hence the overall effect of trade liberalisation on the environment, is affected by … the emission-intensity at the firm level: Aggregate emissions decrease when trade is liberalised if and only if firm …

find that openness to international trade has quantitatively important effects, leading to higher wage inequality and lower …

comparable to halving its trade costs. …

We introduce unemployment and endogenous selection of workers into different skill-classes in a trade model with two … effects of trade liberalization. We show that the gains from trade will be distributed very unequally. While unskilled workers … when a skill-abundant country opens up to trade. …

Convex vacancy creation costs shape firms’ responses to trade liberalization. They induce capacity constraints by … prices compared to less productive firms. Trade liberalization also affects labor market outcomes. Increased profits by …

Barriers to international trade are known to be large but due to data limitations it is hard to measure them directly … trade costs that indirectly infers trade frictions from observable trade data. I show that this trade cost measure is … consistent with a broad range of leading trade theories including Ricardian and heterogeneous firms models. In an application I …