elasticity of substitution has on the elasticity of trade flows. Further, Chaney shows that the elasticity of trade flows with … Chaney (2008) model using ad valorem tariffs instead of iceberg transport costs and show the elasticity of trade flows with … respect to tariffs is not constant, but depends on the elasticity of substitution. -- Intra-industry trade ; Gravity ; Firm …

- proportions trade theory, Heckscher-Ohlin forces operate at the within-industry level, leading to endogenous variation in skill …

change of the exchange-rate process. Second, the long-run exchange rate elasticity of exports is substantially higher than …

, a fact sometimes referred to as the International Elasticity Puzzle. We use micro data on firms and exports for Ireland …

The key result of the so-called "New Trade Theory" is that countries gain from falling trade costs by an increase in … this loss in the existence value outweighs the direct benefits from consumption. -- Trade theory ; Globalization ; Variety …