This paper documents a robust empirical regularity: in the long-run, higher trade openness iscausally associated to a … within-country trade. Our main findingis robust to various definitions of unemployment rates and openness measures …. Thepreferred specification suggests that a 10 percent increase in total trade openness reducesunemployment by about one percentage …

frictions, and foreign trade. This framework emphasizes firm heterogeneity and search and matching frictions in labor markets …. It implies that the opening of trade may raise inequality and unemployment, but always raises welfare. Unilateral … country's trade partner. Unemployment benefits can alleviate the distortions in a country's labor market in some cases but not …

frictions, and foreign trade. This framework emphasizes firm heterogeneity and search and matching frictions in labor markets …. It implies that the opening of trade may raise inequality and unemployment, but always raises welfare. Unilateral … country's trade partner. Unemployment benefits can alleviate the distortions in a country's labor market in some cases but not …

This Economica Coase Lecture reviews research that has revolutionized the field of international trade and foreign …

to freer trade, in most models these costs are assumed to be very small. However, more recent evidence is casting doubt …, facilitating the comparison of short term labour market impacts from trade across countries. Data are reported at the individual … results are consistent with modern trade theory which posits that an expanding export sector rewards mostly high skilled …

This paper attempts to build up a Heckscher-Ohlin-Samuelson model of production and trade where capital is introduced … trade only nominal factor prices. International financial flows will not alter pattern of trade, but movement of labour and … much more than before. Introducing finance affects trade patterns with unemployment and especially with imperfect credit …