This paper studies the evolution of China's production and trade patterns during its integration into the global … growth acted as a counterforce. Consistent with the data, our model demonstrates that China's trade openness peaked around …

Yes. We state closed-form expressions for steady state gains from trade that apply in a class of dynamic trade models …. The gains are a function of the domestic trade share and the long-run elasticity of trade with respect to iceberg trade … long-run elasticity cannot be estimated in one step by relying on tariff variation as shifters of trade costs. We show …

-OLG model with heterogeneous firms, monopolistic competition, endogenous trade participation and collateral constraints. Static …. Social welfare falls and welfare of exporters falls significantly more. LTV regulation cuts credit by the same amount at …

We measure the importance of increasing returns to scale and trade in medical services. Using Medicare claims data, we … of increasing returns and trade costs, policies to improve access to care face a proximity-concentration tradeoff …

, beginning with Harris (1984), led to much larger welfare effects from changes such as trade liberalization. But the imperfect …

export, we use Belgian data with information on both domestic firm-to-firm sales and foreign trade transactions. Our …

US exports in 2007. Despite their disproportionate share of global trade, MNEs' input sourcing and final-good production … decisions are often studied separately. Using newly merged data on firms' trade and FDI activity by country, we show that US … sourcing locations, and leads to non-monotonic responses in third markets to bilateral trade cost changes …

, the impact of trade on innovation depends critically on how it drives scale and competition in high- versus low …

in response to internal economies of scale in trade costs. This suggests that chains will be longer on average in … fundamental trade-off: shorter chains have lower marginal cost but also fewer sellers, which can reduce competition, product …

infinity and trade costs also go to infinity. We obtain this limit in the Armington, Eaton-Kortum, Krugman, and Melitz models …. In all cases, the trade of the SOE with the foreign countries approaches a finite limit, and the domestic expenditure …