We examine the setting of national competition policy in a two-country setting,emphasizing the relationship of trade to … equilibrium distributional effects of competition policy, therelationship of national competition policy to terms-of-trade gains … and losses,the implications of "distinct national markets" linked through trade (thestarting point for all trade theorists …

, there was little or no trade diversion away from the EU, implying that many of the anticipated long-run effects of Brexit … did not materialize before the new UK-EU trade relationship came into force in 2021. …

How does import protection affect export performance? In trade models with scale economies, import liberalization can … export growth following the permanent normalization of trade relations with China (PNTR). But there was also an offsetting … quantitative trade model. Counterfactual analysis implies that while PNTR increased aggregate US exports relative to GDP, exports …

introduce a new framework, which combines trade and growth theory into a tractable tool for quantitative research. Our …