quality levels. In the new trade theory and in the neoclassical literature there is not a well-established methodology to … elasticity of volume market share as function of the difference in price against competitors in an inter-temporal framework. The …

This paper shows that vertical specialisation can increase the elasticity of trade to income, hence explaining dramatic … elasticity of trade to income, while a mere change in global production levels for a given extent of vertical specialisation does … between trade elasticity and vertical specialisation increases precisely in years of large demand shocks, such as the ICT …

the Melitz (2003) heterogeneous firms theory – the number of trade-induced layoffs increases with firm productivity for …-induced layoffs at all invites a refined interpretation of the theory. Our findings suggest that exporting firms may lay off some …

the self-selection of firms into export markets and their impact on trade volumes. We then develop a two-stage estimation …