Measured by the ratio of trade to output, the period 1870 1913 marked the birth of the first era of trade globalization … standard, tariffs, and transport costs as determinants of trade. Until 1913 the rise of the gold standard and the fall in … transport costs were the main trade-creating forces. As of 1929 the reversal was driven by higher transport costs. In the 1930s …

-dimensional connections between globalization and innovation. We develop a model that features many of those mechanisms that connect trade and …

Starting with Romer [1987] and Rivera-Batiz-Romer [1991] economists have been able to model how trade enhances growth … through the creation and import of new varieties. In this framework, international trade increases economic output through two … channels. First, trade raises productivity levels because producers gain access to new imported varieties. Second, increases in …

Almost Ideal gravity associates zero trade flows with variable and fixed trade cost variation in a flexible demand … system. Latent trade shares between non-partners are inferred from the Tobit estimator applied to trade among 75 countries … and 25 sectors in 2006. Latent Trade Bias (LTB) is the difference between the latent trade share and the as …

trade. The panel data set used includes bilateral observations for five years spanning 1970 through 1990 for 186 countries … same currency. I find a large positive effect of a currency union on international trade, and a small negative effect of … regime. These effects are statistically significant and imply that two countries that share the same currency trade three …

frictions in production and distribution of a many country world. The starting point is the international incidence of … reduce sectoral skill premia. Bigger sellers' incidence by country (sector) reduces equilibrium shares of world (national …

I propose a network/search view of international trade in differentiated products. I present evidence that supports the … traded on organized exchanges in matching international buyers and sellers, and that search barriers to trade are higher for …

This paper analyzes the financing terms that support international trade and sheds light on how and why these … arrangements affect trade. Using detailed transaction level data from a U.S. based exporter of frozen and refrigerated food … patterns help discipline a model in which the trade finance mode is shaped by the risk that an importer defaults on an exporter …

We review a recent body of theoretical work that aims to put numbers on the consequences of globalization. A unifying …, intermediate goods, and multiple factors of production--affect the magnitude of the gains from trade liberalization. We conclude by … globalization …

Common wisdom dictates that uncertainty impedes trade--we show that uncertainty can fuel more trade in a simple general … equilibrium trade model with information frictions. In equilibrium, increases in uncertainty increase both the mean and the … variance in returns to exporting implying that trade can increase or decrease with uncertainty depending on preferences. Under …