-degenerate world income distribution. In accordance with the empirical literature, I find that country characteristics such as the … policies such as subsidies to innovation investments explain a country's position in the eventual world income distribution …

output and average productivity, with stronger positive productivity effects for newly imported intermediate inputs. However …

productivity differences, the model features profit and wage differentials across industries. We use this setting to study the …

The New Trade Theory predicts that international trade lowers prices for consumers and expands the choices available to …

actual aggregate cross-section data for 89 countries in 2011 to a hypothetical world without FDI. The gains from FDI amount … to 9% of world's welfare and to 11% of world's trade, unevenly distributed among winners and losers. Net exports of FDI …

We develop a theory of a firm in an incomplete contracts environment which decides on its complexity, organization, and …

aggregate productivity, resource allocation, and industry export activity along both the extensive and intensive margins. Using … productivity and shipping costs using Chilean plant-level data for a set of manufacturing industries. The estimated model is … consistent with the key features of the data regarding productivity, exporting, and importing. We perform a variety of …

- US Free Trade Agreement (CUSFTA) of 1989. We compute predicted increases in trade flows and measured productivity across … fundamental problem which most models we analyse face: predicted increases in measured productivity are too low by an order of … trade and productivity reactions to freer trade, raising doubts about the accuracy of the quantitative predictions of a …