and economic welfare using a structural gravity framework for a panel of 97 developed and developing countries from 2000 …-sectional gravity approach, we show that an uncertainty shock directly reduces cross-border trade flows. The paper illustrates the …

and economic welfare using a structural gravity framework for a panel of 97 developed and developing countries from 2000 …-sectional gravity approach, we show that an uncertainty shock directly reduces cross-border trade flows. The paper illustrates the …

This paper derives a micro-founded gravity equation in general equilibrium based on a translog demand system that … allows for endogenous markups and rich substitution patterns across goods. In contrast to standard CES-based gravity … to be zero. I test the translog gravity equation and find strong empirical support in its favor. In an application to the …