consumers has inspired the development of a new brand of tradetheory, the theory of heterogeneous firms and trade. The … bring out key lessons of this recentresearch. We address the gains from trade, country asymmetries involving … technologypotentials, market sizes, trade openness and various business conditions as well as theinternational repercussions that emerge …

explores the links between countries' business conditions and international trade embedment and the default risk at the country … derive sharp predictions concerning how key factors which shape a country's business and trade environment impact on the …

Manasse and Turrini (2001) that establish the theoretical base of trade models with heterogeneous firms. Our model is …

We develop a general equilibrium model of international trade with heterogeneous firms, where countries can invest into … advantage in trade. Countries tend to over-invest due to this strategic motive. There are thus welfare gains from coordinating …

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 …

consumers has inspired the development of a new brand of trade theory, the theory of heterogeneous firms and trade. The … framework to bring out key lessons of this recent research. We address the gains from trade, country asymmetries involving … technology potentials, market sizes, trade openness and various business conditions as well as the international repercussions …

To date, empirical investigations of trade liberalization under the conditions of increasing returns to scale (IRS) and …. However, of the recent IRS/IC models used to simulate the effects of trade liberalization none have empirically tested for the …