computable general equilibrium trade model calibrated with the latest version of the GTAP database to simulate the effect of … doubling non-tariff barriers - both unilateral and reciprocal - between the two blocks on trade and welfare. Imposing trade … to cooperate rather than turning away from each other. By imposing a trade war on Russia, the political West could …

We reconsider the effects of long-run economic growth on relative factor prices across cones of specialization. We … model economic growth as exogenous technical change. Allowing for capital biased technical change with a sector bias and for … endogenous commodity prices, we find that economic growth may increase or decrease factor price differences across cones. For a …

, most of the cross-country growth literature that refers to the Solow model has employed a specification where steady state … cross-country Solow model provides an interesting implication for empirical studies of international trade. Harrod … in different cones of specialization. …

the impact of trade on both dimensions of income distribution, this paper seeks to contribute to the ongoing debate on … results emerge. Firstly, the distributional effects of trade are highly sensitive to even minor changes to the assumption of … the 2 x 2 trade model. This suggests that due attention should be paid to the choice of the structural model. Secondly …

This paper investigates Samuelson's (JEP, 2004) argument that technical progress of the trade partner may hurt the home …

power of this mechanism for trade flows is especially strong for intra-EU trade. …

In early 2020, the disease Covid-19 caused a drastic lockdown of the Chinese economy. We use a quantitative trade model … international trade and global value chains (GVCs). We find moderate welfare losses in most countries outside of China, while a few … countries even gain from the shock due to trade diversion. As a key methodological contribution, we quantify the role of GVCs …

We investigate the controversial issue whether unemployment is related to productivity growth in the long run, using U …. Therefore the secular decline of unemployment since the mid 1990s indeed stemmed from higher average productivity growth. The …

growth strategy. …