What has been the overall global welfare impact of the accession to the World Trade Organization of a large country … simple user-friendly formula to calculate the global welfare impact of the simultaneous trade liberalization of a number of … countries? How sensitive is the answer to the assumption of the trade model? We find a striking answer to these questions. We …

What has been the overall global welfare impact of the accession to the World Trade Organization of a large country … simple user-friendly formula to calculate the global welfare impact of the simultaneous trade liberalization of a number of … countries? How sensitive is the answer to the assumption of the trade model? We find a striking answer to these questions. We …

stochastic endowment model focusing on the implications of product market integration reducing trade frictions across national … product markets. It is shown that lower trade frictions may increase the marginal costs of public funds, which gives an …

exports. The paper modifies Arkolakisś (2010) model of trade with heterogeneous firms by introducing endogenous quality and …

of product market integration reducing trade frictions across national product markets. Lower trade frictions may …

stochastic endowment model focusing on the implications of product market integration reducing trade frictions across national … product markets. It is shown that lower trade frictions may increase the marginal costs of public funds, which gives an …

-country stochastic endowment model focusing on the implications of product market integration reducing trade frictions across national … product markets. It is shown that lower trade frictions may increase the marginal costs of public funds, which gives an …