We study the gains from trade in a model with endogenously variable markups. We show that the pro-competitive gains from trade are large if the economy is characterized by (i) extensive misallocation, i.e., large inefficiencies associated with markups, and (ii) a weak pattern of cross-country...

We study the gains from trade in a model with endogenously variable markups. We show that the pro-competitive gains from trade are large if the economy is characterized by (i) extensive misallocation,i.e., large ineciencies associated with markups, and (ii)a weak pattern of cross-country...

This study examines the determinants of intra-industry trade (IIT) between Pakistan and trade patterns in the period 1980-2006, using a static and dynamic panel data approach. In the recent years, the government of Pakistan had realized factors to liberalize the international trade. The...

What is the impact of Chinese import competition on Nordic producer prices? In a panel covering 23 (2 digit) NACE manufacturing sectors from 1995 to 2008, instrumental variable estimations predict that when Chinese imports capture a 1% increase in market share, Nordic producer prices decrease by...

This paper uses a combination of empirical models to investigate how much of a problem the removal of barriers on trade between the ASEM countries is likely to pose for adjustment in the EU economies. While existing revealed comparative advantage and the relative height of barriers suggest that...

This paper studies how a country’s export diversification varies across destination markets. It develops an extension of the Romalis (2004) model which yields two testable predictions. According to the first, exports between similarly endowed countries ("South-South" and "North-North") are...

Sino-European trade relations have affected Europe's bilateral comparative advantages over time. The change in bilateral trade is compared to the overall development of European trade to highlight the features of China's structural change. China is shown to be increasingly specializing in...

This study examines the features and determinants of intra-industry trade (IIT), horizontal IIT (HIIT) and vertical IIT (VIIT) between Portugal and the European Union in the period 1996–2002, using a static and a dynamic panel data analysis. The findings indicate that Portuguese VIIT increased...