This paper explores the role of country asymmetries for trade and industrial policies with heterogeneous firms. Our … analysis delivers a number of novel results. First, trade policies, infrastructure policies and industrial policies which …, symmetric trade liberalization is immiserizing for a trading partner whose business conditions are inferior. Third, there are …

We introduce a simple oligopolistic trade model with international transportation costs, and analyze the profitability … trade freeness, (ii) the possibility of rent appropriation on world markets, and (iii) direct quot;synergyquot; effects of …

This paper explores the quantitative consequences of transatlantic trade liberalization envisioned in a Transatlantic … Trade and Investment Partnership (TTIP) between the United States and the European Union. Our key innovation is to develop a … new quantitative spatial trade model and to use an associated technique which is extraordinarily parsimonious and tightly …

This paper studies the pro-poor bias of contemporary trade policy in India by estimating the household welfare effects … of eliminating the current protection structure. The elimination of a pro-poor trade policy is expected to have lower … trade restrictiveness indices for household consumption items and industry affiliations using both tariffs and the ad …

The international economic debate on the Transatlantic Trade and Investment Partnership (TTIP) has focused mainly on … trade induced real income gains while the FDI related and innovation induced benefits have been largely neglected, although … trade related real income gains in the context of TTIP – also contributes to new knowledge and a fortiori to higher GDP …

emergence of China as an exporting powerhouse. While research in economics had long acknowledged that trade with lower …-income countries could raise income inequality in Europe and the US, empirical estimates indicated only a modest contribution of trade … the unequal impacts of trade can manifest along different margins. Recent evidence from countries across Europe and the US …

We investigate the effect of economic sanctions on trade flows in countries sharing a border with sanctioned states …. According to trade models, sanctions are expected to reduce trade flows as they disrupt established trading routes and economic … relationships with suppliers and customers. However, there may also be instances where countries circumvent trade restrictions by …

We study long-run environmental impacts of trade liberalization on US manufacturing by exploiting a plausibly exogenous … reduction in US trade policy uncertainty: the conferral of Permanent Normal Trade Relations (PNTR) to China. Using detailed data … on establishment-level pollution emissions and business characteristics - including trade activities and global …

China's merchandise trade surplus has reached an all-time high and is likely to rise further. A key driver appears to … trading partners with high trade deficits with China. As this constellation could be the source of growing trade conflicts …, this article analyses China's growing trade surplus in several dimensions with a focus on Chinas trade relation to the EU. …