trade elasticities. The elasticities we compute depend directly on the specialization of trade across sectors, which is … North Macedonia - i.e. trade elasticities relevant to policy - and ultimately to calibration choices. The income and price …

investigates how global value chain-related trade affects the export performance of manufacturing firms in South Africa. In … results confirm that global value chain-related trade is associated with a higher productivity premium compared with … traditional trade. However, within the categories of exporters, only the firms that trade in global value chain-related products …

A key characteristic of any trade bloc is its “flexibility” – the extent to which it can be modified or augmented by … existing members. This paper investigates how prospective trade bloc members value the flexibility of proposed trade agreements … in a changing trading environment. We demonstrate that country characteristics as well as the nature of the trade shock …

and weak contract enforcement at home, domestic expansion of SMEs is constrained by the necessity of awarding trade credit … to new clients. We show that small firms with a lot of outstanding trade credit expand sales the most following export …

We exploit a panel dataset of Hungarian firms merged with product-level trade data for the period 1992-2003 to …-selection effects of the most productive firms induced by the existence of heterogeneous sunk costs of trade, for both importers and … exporters. We relate these sunk costs of trade to the relationship-specific nature of the trade activities, entailing a certain …

We develop a quantitative theory of prices in firm-to-firm trade with bilateral negotiations and two-sided market power …