Trade is a cornerstone concept in economics worldwide. This updated second edition of the
essential graduate textbook in international trade brings readers to the forefront of …

Virtual water describes water embedded in the production of goods and offers meaningful
insights about the complex interplay between water, trade and sustainability. In this Review …

We study a flexible class of trade models with international production networks and
arbitrary wedge‐like distortions like markups, tariffs, or nominal rigidities. We characterize …

The last decade witnessed an explosion of research into the impact of international
technology differences on the factor content of trade. Yet the literature has failed to confront …

Labor market competition theories explaining anti‐immigrant attitudes have received limited
or no empirical validation in recent literature. This has led researchers to highlight education …

We provide an empirical assessment of the comparative advantage gains from trade
argument. We use Japan's nineteenth-century opening up to world commerce as a natural …

Dominant theories of trade tend to ignore the role of finance as a source of comparative
advantage. On the other hand, the finance literature places financial institutions as a driver …

We exploit Japan's sudden and complete opening up to international trade in the 1860s to
test the empirical validity of one of the oldest and most fundamental propositions in …

We propose a theory that rising globalization and rising wage inequality are related because
trade liberalization raises the demand facing highly competitive skill‐intensive firms. In our …

Virtual water trade is increasingly recognized as a useful metaphor for thinking about
freshwater resources in an international context. Its legitimacy in terms of economic theory …