the typical country in the world, new imported varieties account for 15 percent of its productivity growth. These effects …

world. The goal of the present paper is to quantify the macro-level consequences of these micro-level shocks. Using an …

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 …

-through of the world price to the producer …

exporters of capital goods to the rest of the world. We develop a model of trade in capital goods to assess its role spreading …

together--there is a world component to business cycles. This paper argues that capital accumulation and international capital … flows are central to understanding world trade and business cycles. In particular, fluctuations in net exports and the …