Acknowledging that individuals dislike having low relative income renders trade less attractive when seen as a … technology that integrates two economies by merging separate social spheres into one. We define a "trembling trade" as a … situation in which gains from trade are less than losses in relative income, with the result that global social welfare is …

In this paper we investigate the causal effect of immigration on trade flows, using Italian panel data covering very …

. Using unique panel data on trade flows among beef farms in the Italian region of Piedmont, we analyze a purely sequential …

on trade flows in manufacturing between Italian provinces and more than 200 foreign countries, we assess the causal …

Language is a strong and robust determinant of international trade patterns: Countries sharing a common language trade … that this trade-promoting effect of language is likely to reflect cultural ties, rather than lower costs of communication … local dialect between regions have a sizable and significant positive impact on intra-national trade. We interpret this …

-run, general-equilibrium neoclassical trade theory. As in other studies, we find that the export shock was localized both in terms …

This paper examines the linkages between the trade of goods and financial assets. Do both flows behave as complements … macroeconomics, the empirical evidence has remained relatively scarce so far, in particular for the Euro area where trade and … from 2002-2012, to test the so-called trade-finance nexus. Since theoretical models stress that both flows might be …

language of trade theory, are the benefits from exporting industry specific or factor specific? To analyze this question, we … increase in apparel export prices, consistent with trade theory, and that the change estimated with a cross-section IV approach …