We analyze a two country-two good model of international trade in which citizens in each country differ by their … specific factor endowments. The trade policy in each country is set by the politician who has been elected by the citizens in a …

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 …

critical contemporary issues without the ammunitions of a more complex neo-classical system. Trade pampers inequality all … across the globe independent of trade patterns. It is likely to increase growth rate but that rate declines over time …

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 …

Historically, tariffs have been an attractive policy tool to protect domestic industries. The benefits of such a policy … evidence suggests that wholesalers and retailers play an active role in international trade. We present a model of retailers …

non-cooperative policies within a single framework. First, we compare the elasticity of trade flows to import tariffs and …The debate on trade wars and currency wars has re-emerged since the Great recession of 2009. We study the two forms of … in import tariffs by 1 percentage point reduces imports by around 1.4 percent. Hence the two instruments are not …

We explore how outcomes of trade policy retaliation (Nash tariff games) are affected when trade simultaneously takes … in goods trade are endogenously determined, and retaliatory trade policy towards goods can affect these and monetary … trade models show different retaliatory trade outcomes from conventional goods only models. We use a general equilibrium …

trade. We find that bound tariffs are more effective with higher risk destination markets, that a large binding overhang may …WTO negotiations deal predominantly with bound - besides applied - tariff rates. But, how can reductions in tariffs … from the real options literature; doing so we highlight the important role of bound tariffs at the extensive margin of …

and tariffs on factor markets, we find an efficiency gain, which is unevenly distributed. Existing generations benefit …