Six years after President Xi Jinping outlined the idea of the Silk Road economic belt during his visit to the University of Nazarbayev in Kazakhstan, followed a month later by the announcement of the construction of the twenty-first century maritime Silk Road, the Belt and Road Initiative has...

Has the labor share declined? And what is the impact of international trade? These questions are not only relevant in an international context they also matter for understanding the regional distribution of incomes in a given country. In this paper, we study two regions with trade exposures that...