Colombia from 1989-1993, with a particular emphasis on the transition and including any anticipation effects. We develop an … accumulation, and trade in financial assets. The model is calibrated to match Colombian exporter dynamics, sectoral trade openness … predicts much larger gains from these reforms than models that abstract from exporter dynamics, sectoral heterogeneity, trade …

The theory of comparative advantage is at the core of neoclassical trade theory. Yet we know little about its … implications for how nations should conduct their trade policy. For example, should import sectors with weaker comparative …

A prominent explanation for why trade is not free is politicians' desire to protect some of their constituents at the … method implies that redistributive trade protection accounts for a significant fraction of US tariff variation and causes …

experiments are considered. First, we show that trade liberalization under minimum wages differs significantly from trade … marginal and average firm productivity are reversed in our model, yet there are significant gains from trade arising from … employment expansion, an effect quite different from the source of gains from trade in the conventional approach. Second, we show …

This paper explores the potential impacts on both China and other major countries of possible mega trade deals. These …. We use a numerical 13-country global general equilibrium model with trade costs to investigate both tariff and non …-tariff effects, and include inside money to endogenously determine imports on the trade imbalance. Trade costs are calculated using a …

This paper calculates the Anderson-Neary (2005) trade restrictiveness index (TRI) for the United States using nearly a …

for trade policy reform. Finally, we show that generalized and trade-weighted moments are mutually proportional when the … trade expenditure function is CES …