answer: high trade barriers and low relative input costs (wages) in developing-country agriculture. With a modified Eaton …-Kortum trade model, I show these distortions reconcile the cross-country productivity data with observed trade flows. Through …

the currency union trade effect as an example. We argue that the best estimator involves time-varying country dummies, a …

-cycle frequencies and positive for short-run developments. Furthermore, trade and financial flows of OECD countries and China reduce the …

factors like distance and size as well as policy factors such as industrial, fiscal and trade policy. Results emphasize the … benefits of domestic trade and local fiscal policy rationalization on the stabilization of output fluctuations. However, they … also identify international trade and local economic policy heterogeneity as growing centrifugal forces. …

Many argue that the yuan needs to appreciate to rebalance the Peoples Republic of Chinas trade. However, empirical …

This paper finds an important relationship between the international food trade and cross-country income and … international trade to: (1) measure sectoral productivity and trade costs across countries; and (2) quantify the impact of low poor … Eaton-Kortum trade model to incorporate multiple sectors, non-homothetic preferences, and labour mobility costs. With this …

determines the trade-off between a stable distribution of income and the external balance is first derived. As a second step the … balance. Findings – The study first shows, in the context of an small open economy, relevant trade-offs among three crucial …