This study tests the importance of Ricardian technology differences for international trade. The empirical analysis has …

This paper investigates the welfare gains from European trade integration, and the role of comparative advantage in … the 2000s to a counterfactual scenario in which East European countries are closed to trade. For West European countries …, the mean welfare gain from trade integration with Eastern Europe is 0.16%, rang- ing from zero for Portugal to 0.4% for …

The theoretical result that there are welfare gains from trade is a central tenet of international economics. In a … class of trade models that satisfy a "gravity equation," the welfare gains from trade can be computed using only the open … economy domestic trade share and the elasticity of trade with respect to variable trade costs. The measured welfare gains from …

, intermediate goods, and multiple factors of production--affect the magnitude of the gains from trade liberalization. We conclude by …

.9%). This reflects the fact that good-specific sources of price dispersion, such as trade costs and good-specific markups, tend … with distance elasticities consistent with the existing trade gravity literature which links trade volumes (rather than …

What do trade negotiators negotiate about? There are two distinct theoretical approaches in the economics literature … that offer an answer to this question: the terms-of-trade theory and the commitment theory. The terms-of-trade theory holds … that trade agreements are useful to governments as a means of helping them escape from a terms-of-trade-driven Prisoners …

We discuss recent bilateral, regional, and country trade, partnership, and economic agreements involving both ASEAN as … conventional trade in goods and services issues. What emerges is of a picture of ill-defined general commitments and precise …

Many previous studies of the role of trade during the British Industrial Revolution have found little or no role for … trade in explaining British living standards or growth rates. We construct a three-region model of the world in which … that while trade had only a small impact on British welfare in the 1760s, it had a very large impact in the 1850s. This …

We build into a Ricardian model sectoral linkages, trade in intermediate goods, and sectoral heterogeneity in … production to quantify the trade and welfare effects from tariff changes. We also propose a new method to estimate sectoral trade … elasticities consistent with any trade model that delivers a multiplicative gravity equation. We apply our model and use our …