Working Paper: CEPR ID: DP9482
Authors: Elhanan Helpman
Abstract: This Economica Coase Lecture reviews research that has revolutionized the field of international trade and foreign direct investment. It explains the motivation behind the development of new analytical frameworks, the nature of these frameworks, and the empirical studies that sprouted from them.
Keywords: FDI; inequality; productivity; trade; unemployment
JEL Codes: F12; F16; J64
Edges that are evidenced by causal inference methods are in orange, and the rest are in light blue.
| Cause | Effect |
|---|---|
| trade liberalization (F13) | reallocation of market shares (L19) |
| reallocation of market shares (L19) | average productivity within sectors (O49) |
| trade liberalization (F13) | productivity growth (O49) |
| firm characteristics (L20) | trade participation (F10) |
| lowering trade costs (F19) | wage inequality (J31) |
| trade frictions (F19) | wage disparities (J31) |