Publisher Summary This focuses on increasing returns, imperfect competition, and the
positive theory of international trade. It describes the integrated-economy approach to …

General-equilibrium models based on increasing returns, product differentiation and
monopolistic competition have attained a prominent position in trade theory and, more …

Although economists have long been aware of Jensen's in-equality, many econometric
applications have neglected an important implication of it: under heteroskedasticity, the …

Kevin O'Rourke and Jeffrey Williamson present a coherent picture of trade, migration, and
international capital flows in the Atlantic economy in the century prior to 1914—the first great …

Institutions—quality of contract enforcement, property rights, shareholder protection, and the
like—have received a great deal of attention in recent years. Yet trade theory has not …

The Ricardian model predicts that countries should produce and export relatively more in
industries in which they are relatively more productive. Though one of the most celebrated …

The striking growth in the trade share of output is one of the most important developments in
the world economy since World War II. Two features of this growth present challenges to the …

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 …

The literature on knowledge diffusion shows that knowledge decays strongly with distance.
In this paper we document that the probability that a product is added to a country's export …

We evaluate two alternative models of international trade in differentiated products. An
increasing returns model where varieties are linked to firms predicts home market effects …