Chaudhuri, Shubham; Artuç, Erhan; McLaren, John - Department of Economics, School of Arts and Sciences - 2003
We study numerical simulations of a standard trade model with labor mobility costs added, modeled in such a way as to generate gross flows in excess of net flows. We find that adjustment to a trade shock can take a long time with plausible values of parameter values. In our base case, for the...