Journal ArticleDOI
Market structure and foreign trade: increasing returns, imperfect competition, and the international economy
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This article is published in International Affairs.The article was published on 1986-04-01. It has received 959 citations till now. The article focuses on the topics: Imperfect competition & Market structure.read more
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New Trade Models, Same Old Gains?
TL;DR: In this paper, the authors investigate to what extent answers to new micro-level questions have affected answers to an old and central question in the field: how large are the welfare gains from trade?
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Growing World Trade: Causes and Consequences
TL;DR: In the United States, the share of imports and exports in America's GDP are only about half of what they were in the United Kingdom thirty years ago as discussed by the authors. And the U.S. economy is not now, and may never be, as dependent on exports as Britain was during the reign of Queen Victoria.
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On Theories Explaining the Success of the Gravity Equation
Simon J. Evenett,Wolfgang Keller +1 more
TL;DR: In this article, the authors employ resampling techniques to identify the model that is driving trade flows, and find that the accuracy of the monopolistic competition theory's prediction improves in samples where the factor endowment allocations generate a higher share of differentiated goods trade.
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Trade Liberalization and the Theory of Endogenous Protection: An Econometric Study of U.S. Import Policy
TL;DR: This paper found that when trade protection is modeled endogenously, its restrictive impact on imports is large, 10 times the size obtained from treating protection exogenously. But the level of trade protection was not exogenous.
Journal ArticleDOI
The Politics of Foreign Direct Investment into Developing Countries: Increasing FDI through International Trade Agreements?
Tim Büthe,Helen V. Milner +1 more
TL;DR: In this article, the authors argue that international trade agreements (GATT/WTO and preferential trade agreements) provide mechanisms for making commitments to foreign investors about the treatment of their assets, thus reassuring investors and increasing investment.