der Weltwirtschaft und bei den Terms of Trade führt. Bei den Komponenten wird vermutet, daß solche, die … fragmentation. Whereas the growth in North-South trade has been labeled "horizontal globalisation", fragmentation stands for the … "vertical globalisation". First fragmentation is introduced into a Ricardian model with one factor of production in a small …

This paper studies a Cournot duopoly in international trade so that the firms are exposed to exchange rate risk. A …

Recent theoretical work on international trade emphasizes the importance of trade elasticity as the fundamental …, where exporter fixed effects are regressed on proxies for technology and wages. Within the same Ricardian model of trade …, the trade share provides an alternative source of identication for the elasticity of trade. Following Santos Silva and …

We derive a simple equation for the welfare gains from trade when tariffs are liberalized or iceberg trade costs fall …. Covering various one-sector trade models that may or may not feature extensive margins and imperfect competition, we generalize …. We show analytically that an analysis based on iceberg costs necessarily underestimates the welfare gains from trade …

In this paper, we develop a network perspective on the welfare gains from trade in today’s internationally fragmented … supply chains. Towards this end, we study a Ricardian trade model featuring trade in final and intermediate products, and … introduce a novel comparative statics approach to decompose the total welfare effects of an arbitrary trade cost shock into …

This paper uses the modern workhorse model of quantitative trade theory (Eaton and Kortum, 2002) as a measurement tool … to quantify Switzerland's gains from trade. I find that individual trading partners matter surprisingly little for … Switzerland's welfare because of reallocation effects: if trade between Switzerland and some partner country is inhibited, other …

This paper investigates Samuelson's (JEP, 2004) argument that technical progress of the trade partner may hurt the home …

This paper examines the trade policy response of Latin American governments to the rapid growth of China and India in …

Quantitative results from a large class of international trade models depend critically on the elasticity of trade with … respect to trade frictions. We develop a simulated method of moments estimator to estimate this elasticity from disaggregate … price and trade-flow data using the Ricardian model. We motivate our estimator by proving that the estimator developed in …

systematic bias implies that the ability of HOV to explain North-South factor trade depends both on relative factor abundance and …