Costinot, Arnaud; Rodríguez-Clare, Andrés - In: Handbook of international economics : Volume 4, (pp. 197-261). 2014
We review a recent body of theoretical work that aims to put numbers on the consequences of globalization. A unifying theme of our survey is methodological. We rely on gravity models and demonstrate how they can be used for counterfactual analysis. We highlight how various economic...