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The small open economy in a generalized gravity model (2024)
Journal Article
Demidova, S., Kucheryavyy, K., Naito, T., & Rodríguez-Clare, A. (2024). The small open economy in a generalized gravity model. Journal of International Economics, 152, Article 103997. https://doi.org/10.1016/j.jinteco.2024.103997

To provide sharp answers to basic questions in international trade, a standard approach is to focus on a small open economy (SOE). Whereas the classic tradition is to define a SOE as an economy that takes world prices as given, in the new trade liter... Read More about The small open economy in a generalized gravity model.

The Textbook Case for Industrial Policy: Theory Meets Data (2024)
Journal Article
Bartelme, D., Mit, A. C., Donaldson, D., & Rodriguez-Clare, A. (in press). The Textbook Case for Industrial Policy: Theory Meets Data. Journal of Political Economy,

The textbook case for industrial policy is well understood. If some sectors are subject to external economies of scale, whereas others are not, a government should subsidize the first group of sectors at the expense of the second. Little is known, ho... Read More about The Textbook Case for Industrial Policy: Theory Meets Data.