Jackson, Karen; Shepotylo, Oleksandr - 2020
, on trade and consumer welfare in China, the EU, and the rest of the World. We employ a general equilibrium structural … the BRI for China and the EU where a 15 percent reduction in transportation costs between China and the EU would increase … the welfare of a representative consumer in China by 1.27 percent and the EU by 0.5 percent. On the other hand, we find …