trade, providing a natural hedge against world price fluctuations. We find the consumption terms of trade at local prices is … more volatile than at world prices, but the two are strongly positively correlated. The same commodities dominate the …

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

This paper presents assesses of the contribution of inward FDI to China%u2019s recent rapid economic growth using a two … Chinese economy. These enterprises account for over 50% of China%u2019s exports and 60% of China%u2019s imports. Their share … decomposition results indicate that China%u2019s FIEs may have contributed over 40% of China%u2019s economic growth in 2003 and 2004 …

for 40 countries plus a rest-of-the-world aggregate. Some gain over 10%, some lose less than 0.2%. Overall, using a novel …