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Trade Liberalization

Edited by Romain Wacziarg, Professor of Economics and Hans Hufschmid Chair in Management, University of California, Los Angeles, Anderson School of Management, US
This compelling two-volume collection presents the major literary contributions to the economic analysis of the consequences of trade liberalization on growth, productivity, labor market outcomes and economic inequality. Examining the classical theories that stress gains from trade stemming from comparative advantage, the selection also comprises more recent theories of imperfect competition, where any potential gains from trade can stem from competitive effects or the international transmission of knowledge. Empirical contributions provide evidence regarding the explanatory power of these various theories, including work on the effects of trade openness on economic growth, wages, and income inequality, as well as evidence on the effects of trade on firm productivity, entry and exit. Prefaced by an original introduction from the editor, the collection will to be an invaluable research resource for academics, practitioners and those drawn to this fascinating topic.


Two volume set
Extent: 1,640 pp
Hardback Price: $899.95 Web: $809.96
Publication Date: 2018
ISBN: 978 1 78811 149 2
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  • Economics and Finance
  • International Economics
  • Law - Academic
  • International Economic Law, Trade Law
This compelling two-volume collection presents the major literary contributions to the economic analysis of the consequences of trade liberalization on growth, productivity, labor market outcomes and economic inequality. Examining the classical theories that stress gains from trade stemming from comparative advantage, the selection also comprises more recent theories of imperfect competition, where any potential gains from trade can stem from competitive effects or the international transmission of knowledge. Empirical contributions provide evidence regarding the explanatory power of these various theories, including work on the effects of trade openness on economic growth, wages, and income inequality, as well as evidence on the effects of trade on firm productivity, entry and exit. Prefaced by an original introduction from the editor, the collection will to be an invaluable research resource for academics, practitioners and those drawn to this fascinating topic.
47 articles, dating from 1939 to 2017
Contributors include: D. Autor, J. Eaton, S. Edwards, E. Helpman, P. Krugman, M. Melitz, D. Rodrik, P. Romer, J. Sachs, P. Samuelson
Contents:

Acknowledgements

Introduction Romain Wacziarg

PART I CLASSICAL TRADE THEORY AND THE GAINS FROM TRADE
1. Paul A. Samuelson (1939), ‘The Gains from International Trade’, Canadian Journal of Economics and Political Science, 5 (2), May, 195–205

2. Wolfgang F. Stolper and Paul A. Samuelson (1941), ‘Protection and Real Wages’, Review of Economic Studies, 9 (1), November, 58–73

3. Rudiger Dornbusch, Stanley Fischer and Paul A. Samuelson (1977), ‘Comparative Advantage, Trade and Payments in a Ricardian Model with a Continuum of Goods’, American Economic Review, 67 (5), December, 823–39

4. Rudiger Dornbusch, Stanley Fischer and Paul A. Samuelson (1980), ‘Heckscher-Ohlin Trade Theory with a Continuum of Goods,’ Quarterly Journal of Economics, 95 (2), September, 203–24

5. Edward E. Leamer (1980), ‘Welfare Computations and the Optimal Staging of Tariff Reductions in Models with Adjustment Costs’, Journal of International Economics, 10 (1), February, 21–36

6. Jonathan Eaton and Samuel Kortum (2002), ‘Technology, Geography, and Trade’, Econometrica, 70 (5), September, 1741–79

7. Arnaud Costinot, Dave Donaldson, Jonathan Vogel and Iván Werning (2015), ‘Comparative Advantage and Optimal Trade Policy’, Quarterly Journal of Economics, 130 (2), February, 659–702

PART II THE GAINS FROM TRADE LIBERALIZATION IN STATIC AND DYNAMIC TRADE MODELS WITH IMPERFECT COMPETITION
8. Paul R. Krugman (1979), ‘Increasing Returns, Monopolistic Competition, and International Trade’, Journal of International Economics, 9 (4), November, 469–79

9. Paul R. Krugman (1981), ‘Intraindustry Specialization and the Gains from Trade’, Journal of Political Economy, 89 (5), October, 959–73

10. Gene M. Grossman and Elhanan Helpman (1990), ‘Comparative Advantage and Long-Run Growth’, American Economic Review, 80 (4), September, 796–815

11. Luis A. Rivera-Batiz and Paul M. Romer (1991), ‘Economic Integration and Endogenous Growth’, Quarterly Journal of Economics, 106 (2), May, 531–55

12. Alwyn Young (1991), ‘Learning by Doing and the Dynamic Effects of International Trade’, Quarterly Journal of Economics, 106 (2), May, 369–405

PART III TRADE AND GROWTH
13. Sebastian Edwards (1992), ‘Trade Orientation, Distortions, and Growth in Developing Countries’, Journal of Development Economics, 39 (1), July, 31–57

14. Dan Ben-David (1993), ‘Equalizing Exchange: Trade Liberalization and Income Convergence’, Quarterly Journal of Economics, 108 (3), August, 653–79

15. Jeffrey D. Sachs and Andrew Warner (1995), ‘Economic Reform and the Process of Global Integration’, Brookings Papers on Economic Activity, 1 (25), January, 1–64 [64]

16. Ann Harrison (1996), ‘Openness and Growth: A Time-Series, Cross-Country Analysis for Developing Countries’, Journal of Development Economics, 48 (2), March, 419–47

17. Sebastian Edwards (1998), ‘Openness, Productivity and Growth: What Do We Really Know?’, Economic Journal, 108 (447), March, 383–98

18. Jeffrey A. Frankel and David Romer (1999), ‘Does Trade Cause Growth?’, American Economic Review, 89 (3), June, 379–99

19. Alberto F. Ades and Edward L. Glaeser (1999), ‘Evidence on Growth, Increasing Returns, and the Extent of the Market’, Quarterly Journal of Economics, 114 (3), August, 1025–45

20. Alberto Alesina, Enrico Spolaore and Romain Wacziarg (2000), ‘Economic Integration and Political Disintegration’, American Economic Review, 90 (5), September, 1276–96

21. Romain Wacziarg (2001), ‘Measuring the Dynamic Gains from Trade’, World Bank Economic Review, 15 (3), October, 393–429

22. Francisco Rodríguez and Dani Rodrik (2000), ‘Trade Policy and Economic Growth: A Skeptic’s Guide to the Cross-National Evidence’, NBER Macroeconomics Annual 2000, 15, January, 261–330

23. Enrico Spolaore and Romain Wacziarg (2005), ‘Borders and Growth’, Journal of Economic Growth, 10 (4), December, 331–86

24. Christian Broda and David E. Weinstein (2006), ‘Globalization and the Gains from Variety’, Quarterly Journal of Economics, 121 (2), May, 541–85

25. Romain Wacziarg and Karen Horn Welch (2008), ‘Trade Liberalization and Growth: New Evidence’, World Bank Economic Review, 22 (2), June, 187–231



Volume II

Contents

Acknowledgements

Introduction An introduction to both volumes by the editor appears in Volume I

PART I TRADE, LABOR MARKETS AND INEQUALITY
1. Ana L. Revenga (1992), ‘Exporting Jobs? The Impact of Import Competition on Employment and Wages in U.S. Manufacturing’, Quarterly Journal of Economics, 107 (1), February, 255–84

2. Romain Wacziarg and Jessica Seddon Wallack (2004), ‘Trade Liberalization and Intersectoral Labor Movements’, Journal of International Economics, 64 (2), December, 411–39

3. Erhan Artuç, Shubham Chaudhuri and John McLaren (2010), ‘Trade Shocks and Labor Adjustment: A Structural Empirical Approach’, American Economic Review, 100 (3), June, 1008–45

4. Donald R. Davis and James Harrigan (2011), ‘Good Jobs, Bad Jobs, and Trade Liberalization’, Journal of International Economics, 84 (1), March, 26–36

5. David H. Autor, David Dorn and Gordon H. Hanson (2013), ‘The China Syndrome: Local Labor Market Effects of Import Competition in the United States’, American Economic Review, 103 (6), October, 2121–68

6. Rafael Dix-Careiro (2014),‘Trade Liberalization and Labor Market Dynamics’, Econometrica, 82 (3), May, 825–85

7. Pablo D. Fajgelbaum and Amit K. Khandelwal (2016), ‘Measuring the Unequal Gains from Trade’, Quarterly Journal of Economics, 131 (3), March, 1113–80

8. Elhanan Helpman, Oleg Itskhoki, Marc-Andreas Muendler and Stephen J. Redding (2017), ‘Trade and Inequality: From Theory to Estimation’, Review of Economic Studies, 84 (1), June, 357–405

PART II THE EFFECTS OF TRADE LIBERALIZATION AT THE FIRM LEVEL: THEORY
9. Paul R. Krugman (1980), ‘Scale Economies, Product Differentiation, and the Pattern of Trade’, American Economic Review, 70 (5), December, 950–959

10. Marc J. Melitz (2003), ‘The Impact of Trade on Intra-Industry Reallocations and Aggregate Industry Productivity’, Econometrica, 71 (6), November, 1695–725

11. Andrew B. Bernard, Stephen J. Redding and Peter K. Schott (2007), ‘Comparative Advantage and Heterogeneous Firms’, Review of Economic Studies, 74 (1), January, 31–66

12. Marc J. Melitz and Gianmarco I.P. Ottaviano (2008), ‘Market Size, Trade, and Productivity’, Review of Economic Studies, 75 (3), January, 295–316
13. Andrew Atkeson and Ariel Toms Burstein (2010), ‘Innovation, Firm Dynamics, and International Trade’, Journal of Political Economy, 118 (3), June, 433–84

14. Elhanan Helpman, Oleg Itaskhoki and Stephen Redding (2010), ‘Inequality and Unemployment in a Global Economy’, Econometrica, 78 (4), July, 1239–83

15. Costas Arkolakis, Arnaud Costinot and Andrés Rodríguez-Clare (2012), ‘New Trade Models, Same Old Gains?’, American Economic Review, 102 (1) July, 94–130

PART III THE EFFECTS OF LIBERALIZATION ON FIRM PRODUCTIVITY, MARKUPS, ENTRY, AND EXIT: EMPIRICAL STUDIES
16. Nina Pavcnik (2002),‘Trade Liberalization, Exit, and Productivity Improvements: Evidence from Chilean Plants’, Review of Economic Studies, 69 (1), January, 245–76

17. Andrew B. Bernard, Jonathan Eaton, J. Bradford Jensen and Samuel Kortum (2003), ‘Plant and Productivity in International Trade’, American Economic Review, 93 (4), September, 1268–1290

18. Pinelopi Koujianou Goldberg, Amit Kumar Khandelwal, Nina Pavcnik and Petia Topalova (2010), ‘Imported Intermediate Inputs and Domestic Product Growth: Evidence from India’, Quarterly Journal of Economics, 125 (4), November, 1727–67

19. Andrew B. Bernard, Stephen J. Redding and Peter K. Schott (2011), ‘Multiproduct Firms and Trade Liberalization’, Quarterly Journal of Economics, 126 (3), July, 1271–318

20. Jan De Loecker (2011), ‘Product Differentiation, Multiproduct Firms, and Estimating the Impact of Trade Liberalization on Productivity’, Econometrica, 79 (5), September, 1407–451

21. Paula Bustos (2011), ‘Trade Liberalization, Exports and Technology Upgrading: Evidence on the Impact of MERCOSUR on Argentinean Firms’, American Economic Review, 101 (1), February, 304–40

22. Jan De Loecker and Frederic Warzynski (2012), ‘Markups and Firm-Level Export Status’, American Economic Review, 102 (6), October, 2437–71

Index