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Fajgelbaum, Pablo D. - 2014

Individuals that consume different baskets of goods are differentially affected by relative price changes caused by international trade. We develop a methodology to measure the unequal gains from trade across consumers within countries. The approach requires data on aggregate expenditures and...

Persistent link: https://www.econbiz.de/10013050158

An Information-Based Model of Foreign Direct Investment : the Gains from Trade Revisited

Razin, Asaf; Tsadḳah, Efrayim; Yuen, Chi-Wa - 2021

Foreign direct investment (FDI) is observed to be a predominant form of capital flows to emerging economies, especially when they are liquidity-constrained internationally during a global financial crisis. The financial aspects of FDI are the focus of the paper. We analyze the problem of...

Persistent link: https://www.econbiz.de/10013231578

Trade, Multinational Production, and the Gains from Openness

Ramondo, Natalia - 2010

This paper quantifies the gains from openness arising from trade and multinational production (MP). We present a model that captures key dimensions of the interaction between these two flows: Trade and MP are competing ways to serve a foreign market; MP relies on imports of intermediate goods...

Persistent link: https://www.econbiz.de/10013149655

Trade, Diffusion and the Gains from Openness

Rodríguez-Clare, Andrés - 2012

Building on Eaton and Kortum's (2002) model of Ricardian trade, Alvarez and Lucas (2005) calculate that a small country representing 1% of the world's GDP experiences a gain of 41% as it goes from autarky to frictionless trade with the rest of the world. But the gains from openness, which...

Persistent link: https://www.econbiz.de/10012755278

Endogenous Variety and the Gains from Trade

Arkolakis, Costas - 2010

We explore the implications of models with increasing returns, endogenous variety and firm-level heterogeneity for the quantification of the gains from trade. We first focus on the impact of trade liberalization on imported variety by analyzing the experience of Costa Rica from 1986 to 1992. We...

Persistent link: https://www.econbiz.de/10012759346

Tariff Reductions, Entry, and Welfare : Theory and Evidence for the Last Two Decades

Caliendo, Lorenzo - 2015

We show in a multi-sector, heterogeneous-firm trade model that the effect of tariffs on entry, especially in the presence of production linkages, can reverse the traditional positive optimal tariff argument. We then use a new tariff dataset, and apply it to a 189-country, 15-sector version of...

Persistent link: https://www.econbiz.de/10013010722

Gains from Trade : Does Sectoral Heterogeneity Matter?

Giri, Rahul; Yi, Kei-mu; Yilmazkuday, Hakan - 2022

gains from trade, which is consistent with the theory …

Persistent link: https://www.econbiz.de/10013307825

Measured Aggregate Gains from International Trade

Burstein, Ariel T. - 2012

Do theoretical welfare gains from trade translate into aggregate measures of economic activity? We calculate the changes in real GDP and real consumption that result from changes in trade costs in a range of workhorse trade models, following the procedures outlined by statistical agencies in the...

Persistent link: https://www.econbiz.de/10013111831

Globalization, Inequality and Welfare

Antràs, Pol - 2016

This paper studies the welfare implications of trade opening in a world in which trade raises aggregate income but also increases income inequality, and in which redistribution needs to occur via a distortionary income tax-transfer system. We provide tools to characterize and quantify the...

Persistent link: https://www.econbiz.de/10012982518

Strategic Trade, Competitive Industries and Agricultural Trade Disputes

Bagwell, Kyle; Staiger, Robert W. - 2021

The primary predictions of strategic-trade theory are not restricted to imperfectly-competitive markets. Indeed, these … predictions emerge in a natural three-country extension of the traditional theory of trade policy in competitive markets, once the … theory is augmented to allow for politically-motivated governments, so that the sign of export policy may be converted from …

Persistent link: https://www.econbiz.de/10013227741