Standard international trade lectures normally comprises three central theories: the Ricardian Model, the Heckscher-Ohlin-Samuelson Modell and New Trade Theory `a la Krugman 1979 and 1980. Nowadays this trilogy needs to be enhanced with the basic concepts of a new class of trade models: the New...

Empirical research on the linkage between trade openness and productivity growth takes center stage in most studies in search for the effects of trade liberalization on economic progress. This is true for both the firm level and for aggregate analyses. There exist various channels through which...