In this paper, we empirically assess the causal links between trade and individual income risk and study the role that …-industry changes in imports and exports are causally related to income risk: Imports increase risk and exports decrease risk, and they … and the linkage between trade and risk: While, on average, individuals with higher levels of industry- or occupation …

This paper studies the cross-country patterns of risky innovation and growth through the lens of international trade …. We use a simple theoretical framework of risky quality upgrading by firms under varying levels of financial development … correlated with the country's level of financial development. We then test these two hypotheses using data on disaggregated (HS10 …

"This paper studies empirically the relationship between trade policy and individual income risk faced by workers, and … uses the estimates of this empirical analysis to evaluate the welfare effect of trade reform. The analysis proceeds in … various manufacturing sectors. Second, the estimated income risk parameters and data on trade barriers are used to analyze the …

Competition between opposing lobbies is an important factor in the endogenous determination of trade policy. This paper … investigates empirically the consequences of lobbying competition between upstream and downstream producers for trade policy. The … theoretical structure underlying the empirical analysis is the well-known Grossman-Helpman model of trade policy determination …

This paper studies empirically the relationship between trade policy and individual income risk faced by workers, and … uses the estimates of this empirical analysis to evaluate the welfare effect of trade reform. The analysis proceeds in … various manufacturing sectors. Second, the estimated income risk parameters and data on trade barriers are used to analyze the …

in trade barriers in a partner country. When trade policies are determined simultaneously in the two countries, we show … the possibility of multiple political equilibria - countries may both be protectionist or trade freely with each other …. Starting with trade protection in both countries, a unilateral reform in one country is thus shown to bring about a free trade …

, it can be argued that, in a trade policy context, bending policy in a direction that would suit foreigners may not in … fact be harmful: If the policy outcome absent any lobbying by foreigners is characterized by welfare-reducing trade … welfare). Using a new data set on foreign political activity in the US, this paper investigates the relationship between trade …

itself to be endogenous, this paper analyzes the impact of unilateral trade liberalization by one country on its partner …'s trade policies. We find that such unilateral liberalization may induce reciprocal tariff reductions by the partner country …. Intuitively, unilateral liberalization by one country has the effect of increasing the incentives for the export lobby in the …

Less developed countries tend to experience higher output volatility, a fact that is, in part, explained by their … characterized by higher levels of output volatility. We provide novel empirical evidence that less complex industries are indeed …