systematically faster in sectors that were initially at the greater comparative disadvantage. The global welfare implications of this … remained the same as in the 1960s, and technology in all sectors grew at the same country-specific average rate, welfare today … is 1.9% lower at the median. The welfare impact varies greatly across countries, ranging from -0.5% to 6% among OECD …

This paper evaluates the global welfare impact of China's trade integration and technological change in a quantitative … magnitude larger welfare gains when China's productivity growth is biased towards its comparative disadvantage sectors. We …. As a separate but related exercise we quantify the worldwide welfare gains from China's trade integration. …

This paper evaluates the welfare impact of observed levels of migration and remittances in both origins and … and thus higher welfare, all else equal. Because of this effect, natives in countries that received a lot of migration â … results show that the welfare impact of observed levels of migration is substantial, at about 5 to 10% for the main receiving …

This paper evaluates the global welfare impact of observed levels of migration using a quantitative multi-sector model … difference, international trade, remittances, and a heterogeneous workforce. We compare welfare under the observed levels of … the short run the impact of migration on average welfare in these countries is close to zero, while the skilled and …

on trade volumes and patterns, and a non-negligible welfare impact. In the counterfactual scenario in which each country … the data. In this counterfactual scenario, welfare is also 1.6% higher for the median country compared to the baseline …. The welfare impact varies greatly across countries, ranging from −1.1% to +4.3% among OECD countries, and from −6% to +41 …

disproportionate share of overall economic activity. This distribution of firm size is crucial for evaluating the welfare impact of … calibrated to the observed distribution of firm size, we show that the welfare impact of high entry costs is small. In the sample … increase in welfare of only 3.25%. In addition, when the firm size distribution follows Zipf's Law, the welfare impact of the …

This paper investigates the welfare gains from European trade integration, and the role of comparative advantage in … determining the magnitude of those gains. We use a multi-sector Ricardian model implemented on 79 countries, and compare welfare … countries, the mean welfare gain from trade integration with Eastern Europe is 0.16%, ranging from zero for Portugal to 0.4% for …

This paper evaluates the welfare impact of observed levels of migration and remittances in both origins and … and thus higher welfare, all else equal. Because of this effect, natives in countries that received a lot of migration … results show that the welfare impact of observed levels of migration is substantial, at about 5 to 10% for the main receiving …

on trade volumes and patterns, and a non-negligible welfare impact. In the counterfactual scenario in which each country … the data. In this counterfactual scenario, welfare is also 1.6% higher for the median country compared to the baseline …. The welfare impact varies greatly across countries, ranging from ..1.1% to +4.3% among OECD countries, and from ..4.6% to …