particular, and in contrast with estimates of the trade effect of other currency unions, we find that the impact of the euro on … trade has been close to zero. After reviewing the costs and benefits, we conclude with some open questions on normative and …

Since changes in trade openness are typically confounded with other factors, it has been difficult to identify the … labor market consequences of increased international trade. The advent of the United States Interstate Highway System … provides a unique policy experiment, which I use to identify the effect of reducing trade barriers on the relative demand for …

Since changes in trade openness are typically confounded with other factors, it has been difficult to identify the … labor market consequences of increased international trade. The advent of the United States Interstate Highway System … provides a unique policy experiment, which I use to identify the effect of reducing trade barriers on the relative demand for …

A recent boom in commodities-for-manufactures trade between China and other developing countries has led to much …

This paper develops a new framework for examining the distributional consequences of international trade that …. Larger firms pay higher wages and exporters pay higher wages than non-exporters. The opening of trade enhances wage … is larger in a trade equilibrium than in autarky, reductions of trade impediments can either raise or reduce wage …

This article estimates the effect of visa restrictions on bilateral trade flows and foreign direct investment (FDI …, which is detrimental to trade and FDI. Employing a standard gravity-type model in a global dyadic country sample, I estimate … place by the partner country, this lowers bilateral trade and FDI by up to 19 and 25 per cent, respectively. If both …

of functions, but whose central purpose is trade. …

minimum wage and trade unions) continues to offer the best explanation for the observed patterns of change. …