extensive margin of trade) or due to larger values exported by existing firm (i.e. the intensive margin). Using micro data on … individual trade transactions from Spanish provinces between 1995 and 2008 and data on the stock of immigrants in those provinces … are also able to quantify the impact of immigrants on the intensive and extensive margin of trade and how it varies …

surface with (nearly) any geography. Combining the gravity structure of trade with labor mobility, we provide conditions for … estimate the topography of trade costs, productivities, amenities and the strength of spillovers in the United States. We find …

international trade. We develop a methodology to measure the unequal gains from trade across consumers within countries that is … of trade depending on the income elasticity of each country's exports and imports. Non-homotheticities across sectors … imply that trade typically favors the poor, who concentrate spending in more traded sectors. …

Although recent research shows that the euro has spurred cross-border financial integration, the exact mechanisms … remain unknown. We investigate the underlying channels of the euro's effect on financial integration using data on bilateral … euro's impact on financial integration is primarily driven by eliminating the currency risk. Legislative …

This paper introduces a new methodology for the estimation of demand trade elasticities based on an import intensity … components by using the OECD Input-Output tables. We argue that the composition of demand plays a key role in trade dynamics … 2008-09 Great Trade Collapse. …

that intermediation always magnifies the gains from trade under the former type of integration, but leads to more nuanced …This paper develops a simple model of international trade with intermediation. We consider an economy with two islands … frictions, our model reduces to a standard Ricardian model of trade. We use this simple model to contrast the implications of …

The basic gains-from-trade theorem makes a stark comparison between completely free trade and complete autarky. This … paper is motivated by recent evidence that trade has greatly expanded on the extensive margin (aka fragmentation, offshoring …) by adding newly traded goods and services and that much of this new trade is in intermediates. I provide an extension of …

gains from trade, or a (negative) terms of trade effect linked with the vanishing effect of distance on wages. This paper …

The theory of international trade has paid scant attention to market institutions. Neither neoclassical theory nor new … trade models typically specify the process by which supply and demand meet. Yet in the real world, intermediaries play a … central role in materializing the gains from exchange outlined by standard trade theories. In Antràs and Costinot (2010), we …