This paper shows that the R&D intensity of an industry plays an important role in determining international trade … patterns via its effect on scale economies. I first develop a model of trade with heterogeneous firms where firms compete with … less sensitive to trade costs. I find empirical support for these predictions using fi rm-level data for Swedish …

-linear dynamics of U.S. export growth. A model without a sunk export cost generates substantially less trade growth and misses out on … contribution of trade to the contraction in U.S. manufacturing employment is small …

The large, persistent fluctuations in international trade that cannot be explained in standard models by changes in … expenditures and relative prices are often attributed to trade wedges. We show that these trade wedges can reflect the decisions of … inventory management decision can generate trade flows and wedges consistent with the data. Moreover, matching trade flows …

This paper examines the role of inventories in the decline of production, trade, and expenditures in the US in the … economic crisis of late 2008 and 2009. Empirically, the authors show that international trade declined more drastically than … trade-weighted production or absorption and there was a sizeable inventory adjustment. This is most clearly evident for …

There is no empirical evidence that trade exposure per se increases child labour. As trade theory and household … economics lead us to expect, the cross-country evidence seems to indicate that trade reduces or, at worst, has no significant …

We carry out an indirect inference test of two versions of a computable general equilibrium (CGE) model of world trade …. One of these, the ‘classical’ model,is well-known as the Heckscher-Ohlin-Samuelson model of world trade, in which … countries trade homogeneous products in world markets and produce according to their comparative advantage as determined by …

migration and trade. This paper aims to check the effect of such restrictions on the unemployment of unskilled labor in the …. In case of trade restriction, however, the rise or fall in unemployment depends on both the structure of the economy and …

Credit rationing in the presence of asset inequality affects production and trade pattern in this paper, but not in the …