This paper studies how cross-sector strategic trade policy affects wages, country-wide profits, and welfare. I develop …. Consequences on income distributions are derived. Domestic social welfare is unambiguously penalized, suggesting political …

national and world welfare. …

In a three country model with endogenous tariffs, this paper evaluates and contrasts the welfare effects of free trade …’s welfare is higher than that under free trade. Furthermore, if the common member is relatively efficient compared to the other … two countries, such a ‘hub and spoke’ pattern of FTAs can yield higher global welfare than free trade. By contrast, such …

I study the implications of endogenous productivity choices ("innovation") on the effects of trade liberalization. I … find that a model with innovation generates an elasticity of trade volumes to tariff reductions that is fifty percent … larger than models without innovation, and consistent in magnitude to empirical estimates. To show this, I develop a new …

innovation, skills choice, wage inequality and patterns of production based on a North-South general-equilibrium model with …

knowledge-based economy in the world’ by 2010. This paper aims to ascertain the extent to which various indicators of innovation … this end, we provide a descriptive account of the competition and innovation indicators from 1980-2008. Then, we discuss … the relationship between market structure (level of competition) and innovation; and estimate the impact of the former on …

whether and how much to innovate. Incorporating both the extensive and intensive margins of trade and innovation leads to … different possible equilibria. Depending on how costly trade is relative to innovation, medium-productivity firms may either … and welfare depends crucially on the equilibrium the economy is in. When lowering the variable costs of trade, the welfare …