Tag Archives: Andrés Rodríguez-Clare

Quantifying Gains from Trade

From Paul Krugman (via Brad Delong): “Eaton-Kortum… yields a simple expression for the welfare gains from trade…. According to Subramanian’s estimates, overall trade in goods and services has risen from about 19 percent of world GDP in the early 1990s … Continue reading

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Innovation and Production in a Global Economy

From Costas Arkolakis, Natalia Ramondo, Andrés Rodríguez-Clare, and Stephen Yeaple: The process of globalization features increasing international specialization in innovation or production. To assess the welfare implications of this process, we develop a quantitative, multi-country general equilibrium model where firms can serve … Continue reading

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