Since the expansion of world trade in the 1980s, measures of inequality have risen not only in developed countries, but … also throughout the developing world. This stylized fact is contrary to the predictions of classical trade theory that in … empirically tests the effects of trade on wage inequality in a differentiated panel framework where countries are classified …

Despite the growing political priority given to making trade work for the majority in Latin America, a notable gap … exists in the knowledge about the distributive impacts of trade integration. This study attempts to fill this gap: it surveys … the most recent contributions to the mainstream trade economics literature, assesses their relevance for Latin America and …

build resilience and those who will not. Despite costly labor-market adjustments due to increased international trade over … the last two decades, the health effects of trade liberalization are underexplored, with potentially wide implications for … public policy and national budgets. Given the remarkable increase in trade volumes between Germany and China following …

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 …

emergence of China as an exporting powerhouse. While research in economics had long acknowledged that trade with lower …-income countries could raise income inequality in Europe and the US, empirical estimates indicated only a modest contribution of trade … the unequal impacts of trade can manifest along different margins. Recent evidence from countries across Europe and the US …

simulations to understand how trade affects economic outcomes in the presence of informality. We show that: (1) Trade openness … gains from trade are understated when the informal sector is omitted. (3) Trade openness results in large welfare gains even … welfare. (5) The effects of trade on wage inequality are reversed when the informal sector is incorporated in the analysis. (6 …

This paper investigates if trade can help achieve the United Nations Sustainable Development Goal of poverty … eradication using microeconomic and macroeconomic mechanisms and the effects of trade and trade policy on consumer prices … household may be lifted out of or pushed into poverty. The impacts of trade on growth and longer-term consequences of trade …

Using a panel of MENA countries, this paper tries to examine the interaction between trade reforms and labor market … regulations on the outcome of the labor market. The theoretical predictions on this literature show that the effects of trade … liberalization in any given country are conditional on the nature of labor market regulations since trade liberalization is more …

trade contributes to economic growth, this could, in turn, impede economic development. Despite extensive literature on the … migration-trade nexus, there are few examples of policymakers highlighting the role of migration for internationalization. One …