We measure the "new" gains from trade reaped by Canada as a result of the Canada-US Free Trade Agreement (CUSFTA). We think of the "new" gains from trade of a country as all welfare effects pertaining to changes in the set of firms serving that country as emphasized in the so-called "new" trade...

Zurzeit sprechen bereits viele von einem drohenden Handelskrieg. Daher ist es sinnvoll zu hinterfragen, was schlimmstenfalls passieren kann. Die einfache Botschaft lautet, dass Handelsgewinne hoch und Handelskriege teuer sind. So ist etwa ein Viertel des weltweiten Realeinkommens auf...

We revisit a classic question in international economics: how does a country's productivity growth affect worldwide real incomes through international trade? We first identify the channels through which productivity shocks transmit in a model featuring inter-industry trade as in Ricardo (1817),...

How does a country's productivity growth a¤ect worldwide real incomes through international trade? In this paper, we take this classic question to the data by measuring the spillover e¤ects of China's productivity growth. Our framework features traditional terms-of-trade e¤ects and new trade...