Working Paper: NBER ID: w19057
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: No keywords provided
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) | Productivity gains (O49) |
| Reductions in trade costs (F12) | Market share reallocations from less productive firms to more productive firms (L19) |
| Market share reallocations from less productive firms to more productive firms (L19) | Average productivity of the sector (E23) |
| Firm productivity (D21) | Wage levels (J31) |
| Trade (F19) | Unemployment rates (J64) |