Research

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Title
Author(s)
Year
2016
Hard times give rise to greater demand for protection, but also amplify the negative consequences of such defections, given the risk of drawing retaliation from abroad that could worsen economic conditions. International trade rules include provisions ...
2016
We put forward a framework to evaluate the potential impact of international competition on firm performance, and we highlight two points. First, it is important to consider effects on productive efficiency and market power in an integrated framework. ...
Gene Grossman
2016
We introduce firm and worker heterogeneity into a model of innovation-driven endogenous growth. Individuals who differ in ability sort into either a research sector or a manufacturing sector that produces differentiated goods. Each research project ...
John Londregan
2016
A vast literature on international trade predicts that political institutions affect both the choice of trade partners (extensive margin) and trade volumes (intensive margin). Yet most analyses ignore the former margin, while their estimates of the latter ...
2016
This paper examines how prices, markups and marginal costs respond to trade liberalization. We develop a framework to estimate markups from production data with multi-product firms. This approach does not require assumptions on the market structure or ...
John Londregan
2016
Do trading partners’ political institutions matter in international trade? In answering this question, researchers typically relate aggregate measures of institutional structure with total volumes of bilateral trade, while pairs that do not trade are ...