How does intranational factor mobility shape the welfare effects of a trade shock? I provide evidence that during WWI … aggregate gains of trade formula to take domestic reallocation into account more than triples the estimated welfare effects. …

How does intranational factor mobility shape the welfare effects of a trade shock? I provide evidence that during WWI … aggregate gains of trade formula to take domestic reallocation into account more than triples the estimated welfare effects. …

of trade in parts and components. Products are more internationalized and less identified with any particular country … paper explores the implications of these developments in the context of a standard trade model. Component specialization in …

The starting point of this paper is given by country situations where trade liberalization is expected to be poverty … we ask is what are the distributive aspects of trade which are worth documenting to better help governments integrate … trade policies within a global policy framework so as to enhance growth and reduce poverty and inequality. The method …

Sino-European trade relations have been controversially discussed mainly, if not only, because of the increasing … European Union's bilateral trade deficit with China. As from the European perspective trade with China becomes more important …, the structural adjustment process of the Chinese economy from inter-ndustry to intra-industry trade is not as intensively …

This paper examines the repercussions of cross-border production sharing for the welfare effects of preferential trade … liberalization. In a general-equilibrium context, a free trade agreement (FTA), which incorporates production sharing, raises the … likelihood of welfare improvement. Thus, two members of a free trade area, who each have comparative disadvantage in the …

This paper attempts to quantify the impact of fragmentation on employment. Factor demand functions for labour and … in import prices (real trade costs) has a twofold impact on labour demand: (i) substitution of domestic employment by … partly imported intermediates (= outsourcing or fragmentation) (ii) increased employment due to higher demand caused by an …