We generalize the closed-economy neoclassical growth model (CNGM) to allow for costly goods trade and capital flows … key features of the observed data (e.g., gravity equations for trade and capital holdings) and is well suited for …

In this paper, we empirically assess the causal links between trade and individual income risk and study the role that … and the linkage between trade and risk: While, on average, individuals with higher levels of industry- or occupation … of industry-specific human capital can be costly for workers in highly trade-exposed industries. By contrast, we find no …

noninspected firms. These findings highlight the importance of collective reputation in international trade and the challenges …

wealth. We use a two factor general equilibrium model and assume credit markets are absent. We explore the effects of trade … that developed countries need to ensure access to education when liberalizing trade to ensure they reap the potential gains … from trade …

execution and the risk is a result of price movements during a more gradual trading. The paper shows that the trade-off between …

The combination of substantial terms of trade variability and unstable correlation patterns of trade prices with output … and trade volumes has led some to suggest a break in the link between trade volumes and prices. We find that oil accounts … for much of the variation in the terms of trade over the last twenty five years and its quantitative role varies …