Outputs (2)

The Intensive Margin in Trade: How Big and How Important? (2023)
Journal Article
Fernandes, A. M., Klenow, P. J., Meleshchuk, S., Pierola, M. D., & Rodríguez-Clare, A. (2023). The Intensive Margin in Trade: How Big and How Important?. American Economic Journal: Macroeconomics, 15(3), 320-354. https://doi.org/10.1257/mac.20200269

In benchmark trade models that feature a constant trade elastic-ity, bilateral exports vary entirely on the intensive margin (exports per firm) or entirely on the extensive margin (number of firms). Our empirical analysis documents that roughly one-h... Read More about The Intensive Margin in Trade: How Big and How Important?.

Grounded by Gravity: A Well-Behaved Trade Model with Industry-Level Economies of Scale (2023)
Journal Article
Kucheryavyy, K., Lyn, G., & Rodríguez-Clare, A. (2023). Grounded by Gravity: A Well-Behaved Trade Model with Industry-Level Economies of Scale. American Economic Journal: Macroeconomics, 15(2), 372-412. https://doi.org/10.1257/mac.20190156

We propose a model to study the role of industry-level external economies of scale in open economies. If the elasticity governing the strength of external economies is below the inverse of the trade elasticity in each industry, then specialization un... Read More about Grounded by Gravity: A Well-Behaved Trade Model with Industry-Level Economies of Scale.