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Gouel, Christophe; Jean, Sébastien - 2021

This paper shows how gains from trade are conditioned by love of variety, defined as the extent to which an additional … product variety generates benefits in either final or intermediate consumption. We develop a multi-country, multi …-sector gravity trade model where love of variety is parameterized separately from product substitutability using a generalized CES …

Persistent link: https://www.econbiz.de/10013311713

Firm Export Dynamics in Interdependent Markets

Alfaro-Urena, Alonso; Castro-Vincenzi, Juanma; Fanelli, … - National Bureau of Economic Research - 2023

We estimate a model of firm export dynamics featuring cross-country complementarities. The firm decides where to export by solving a dynamic combinatorial discrete choice problem, for which we develop a solution algorithm that overcomes the computational challenges inherent to the large...

Persistent link: https://www.econbiz.de/10014337843

The Theoretical Equivalent of Empirically Measurable Exporter Productivity when Firms are Heterogeneous

Schröder, Philipp J. H. - 2010

The marginal costs based representation of firm productivity in the Melitz [Melitz, M.J., 2003. The impact of trade on intra-industry reallocations and aggregate industry productivity. Econometrica 71 (6), 1695-1725] model, predicts positive exporter productivity premia. We show that this...

Persistent link: https://www.econbiz.de/10013143379

Policy Implications of Heterogeneous Firms Trade Theory

Ciuriak, Dan - 2013

This paper considers the trade and trade-related policy implications of the heterogeneous firms trade literature developed in the context of “new new trade theory”. The recognition in trade theory of firm-level heterogeneity and of the complex global strategies of multinational firms has not...

Persistent link: https://www.econbiz.de/10013094037

Trade agreements

Kowalczyk, Carsten; Riezman, Raymond Glenn - 2009

This paper reviews the most significant recent developments in the theory of trade agreements. The paper offers an integrated approach to evaluating trade agreements, and uses the approach to present results on preferential and multilateral trade agreements. The paper identifies also several...

Persistent link: https://www.econbiz.de/10003850514

The choice of modeling firm heterogeneity and trade restrictions

Cole, Matthew T. - 2009

in the effects on product variety associated with changes in an ad valorem tariff, iceberg transport costs, and …

Persistent link: https://www.econbiz.de/10009724992

Modeling Trade Tensions : Different Mechanisms in General Equilibrium

Hunt, Ben; Portillo, Rafael; Mursula, Susanna; Santoro, … - 2021

In this paper, we investigate the mechanisms through which import tariffs impact the macroeconomy in two large scale workhorse models used for quantitative policy analysis: a computational general equilibrium (CGE) model (Purdue University GTAP model) and a multi-country dynamic stochastic...

Persistent link: https://www.econbiz.de/10013250082

The True Story of Wine and Cloth : Building Blocks of an Evolutionary Political Economy of International Trade

Herrmann-Pillath, Carsten - 2006

Standard trade theory is a theory about the structure of international production which emerges from an international arbitrage equilibrium. It is not a theory about the activity of trading which is simply taken for granted or which is treated implicitly in the concept of exogenous trade costs....

Persistent link: https://www.econbiz.de/10014054266

Trust-Based Trade

Araujo, Luis F.; Ornelas, Emanuel - 2007

Weak enforcement of international contracts substantially reduces international trade. We develop a model where agents build reputations to overcome the difficulties that this institutional failure causes in a context of incomplete information. The model describes the interplay between...

Persistent link: https://www.econbiz.de/10014067762

Free Trade, Customs Unions, and Transfers

Konishi, Hideo; Kowalczyk, Carsten; Sjöström, Tomas - 2003

All countries would agree to immediate global free trade if countries were compensated for any terms-of-trade losses with transfers from countries whose terms-of-trade improve, and if customs unions were required to have no effects on non-member countries. Global free trade with transfers is in...

Persistent link: https://www.econbiz.de/10014076116