C Arkolakis, A Costinot… - 2009 - nber.org
Micro-level data have had a profound influence on research in international trade over the
last ten years. In many regards, this research agenda has been very successful. New
stylized facts have been uncovered and new trade models have been developed to ...
A Costinot… - 2009 - nber.org
This paper develops tools and techniques to study the impact of exogenous changes in
factor supply and factor demand on factor allocation and factor prices in economies with a
large number of goods and factors. The main results of our paper characterize sufficient ...
A Costinot - Journal of International Economics, 2009 - Elsevier
This paper proposes a simple theory of international trade with endogenous productivity
differences across countries. The core of our analysis lies in the determinants of the division
of labor. We consider a world economy comprising two large countries, with a continuum ...
P Antràs… - The Quarterly Journal of Economics, 2011 - qje.oxfordjournals.org
Abstract This paper develops a simple model of international trade with intermediation. We
consider an economy with two islands and two types of agents, farmers and traders. Farmers
can produce two goods, but to sell these goods in centralized (Walrasian) markets, they ...
A Costinot, T Roncalli… - Groupe de Recherche …, 2000 - papers.ssrn.com
Abstract: We consider the problem of modelling the dependence between financial markets.
In financial economics, the classical tool is the Pearson (or linear correlation) coefficient to
compare the dependence structure. We show that this coefficient does not give a precise ...
A Costinot - 2009 - nber.org
Comparative advantage, whether driven by technology or factor endowment, is at the core of
neoclassical trade theory. Using tools from the mathematics of complementarity, this paper
offers a simple, yet unifying perspective on the fundamental forces that shape comparative ...
A Costinot - Mimeograph, Princeton University, 2005 - Citeseer
Abstract This paper analyzes the impact of imperfect contract enforcement on the extent of
the division of labor and the pattern of trade. We consider a world economy comprising two
large countries, with a continuum of goods and one factor of production, labor. Each good ...
A Costinot, L Oldenski… - The Review of Economics and …, 2011 - MIT Press
Abstract This paper offers the first empirical analysis of the impact of adaptation on the
boundary of multinational firms. To do so, we develop a ranking of sectors in terms of
“routineness” by merging two sets of data: ratings of occupations by their intensities in ...
A Costinot, D Donaldson… - 2010 - nber.org
The Ricardian model predicts that countries should produce and export relatively more in
industries in which they are relatively more productive. Though one of the most celebrated
insights in the theory of international trade, this prediction has received virtually no ...
A Costinot… - 2007 - nber.org
Though one of the pillars of the theory of international trade, the extreme predictions of the
Ricardian model have made it unsuitable for empirical purposes. A seminal contribution of
Eaton and Kortum (2002) is to demonstrate that random productivity shocks are sufficient ...
A Costinot - Journal of the European Economic Association, 2009 - Wiley Online Library
Abstract This paper analyzes the determinants of protectionism in a small open economy
with search frictions. In this environment, jobs generate rents whose access depends on the
level of trade protection. By raising the domestic price of a good, a government may attract ...
P Antràs… - 2010 - nber.org
The theory of international trade has paid scant attention to market institutions. Neither
neoclassical theory nor new trade models typically specify the process by which supply and
demand meet. Yet in the real world, intermediaries play a central role in materializing the ...
A Costinot - Journal of International Economics, 2008 - Elsevier
The WTO and the EU have chosen two different agreements on product standards. While the
WTO's approach is primarily based on a “National Treatment”(NT) principle, the EU's
approach crucially relies on a principle of “Mutual Recognition”(MR). This paper offers a ...
A Costinot… - 2007 - columbia.edu
Abstract This paper analyzes the choice of optimal voting rules under various theories of
voting behavior: strategic voting, informative or sincere voting, level-k or cognitive hierarchy
voting, and mixtures among all of these. We show that if preferences are homogeneous, ...
[CITATION] New Theories, Same Old Gains?
C Arkolakis, A Costinot… - 2009 - Mimeo, Yale University
[CITATION] rContract Enforcement
A Costinot - Division of Labor, and the Pattern of Trade, s …, 2005
[CITATION] What Goods Do Countries Trade? A Structural Ricardian Model
A Costinot… - 2008 - mimeo MIT
A Costinot - Department of Economics, Princeton University, mimeo, 2004 - princeton.edu
Abstract This paper analyzes the impact of imperfect contract enforcement on firm size and
the pattern of trade. We consider a world economy com# prising two large countries, with a
continuum of goods and one factor of production, labor. Each good is characterized by its ...
A Costinot… - 2006 - papers.ssrn.com
Abstract: This paper discusses the implications of strategic voting for institutional design in
environments where the only role of elections is to aggregate information. We adopt a
mechanism design perspective, which assumes that prior to a standard voting game, a ...
[CITATION] VThree Essays on Institutions and Trade. oPh. D
A Costinot - 2005 - Dissertation. Princeton University
[CITATION] VWhat Goods Do Countries Trade? New Ricardian PredictionsV
C Arnaud… - NBER working paper, 2007
[CITATION] Adaptation and the Boundaries of Multinational Firms
A Costinot, LI Oldenski… - forthcoming, the Review of Economics and Statistics
[CITATION] kA Comparative Institutional Analysis of Agreements on Product Standards, lJournal of International Economics vol. 75 (1)
A Costinot - $213, 2008
[CITATION] mOn Optimal Voting Rules under Homogeneous Preferences, nmimeo
A Costinot… - University of California at San Diego, 2007
[CITATION] Clare. 2009. jNew Trade Models, Same Old Gains
C Arkolakis, A Costinot… - NBER Working Paper
C Arkolakis, A Costinot… - Manuscript, Yale …, 2010 - econ.yale.edu
Abstract In this note we provide closed# form solutions for bilateral trade flows and gains
from trade in a model with monopolistic competition, translog expenditure functions, and
Pareto distributions of firm# level productivity. In spite of variable mark# ups, gains from ...
[CITATION] Forthcoming." An Elementary Theory of Comparative Advantage
A Costinot - Econometrica
[CITATION] qMatching and Inequality in the World Economy. rForthcoming
A Costinot… - Journal of Political Economy, 2010
[CITATION] Andrés Rodríguez Clare (2010), pNew Trade Models, Same Old Gains
C Arkolakis… - q mimeo, MIT, Penn State, and Yale …
[CITATION] New Models, Same Old Gains from Trade? Forthcoming
C Arkolakis, A Costinot… - American Economic Review, 2010
A Costinot - University of California at San Diego, Economics …, 2007 - nber.org
Abstract Aggregate production functions are a standard feature of the trade theoristis
toolbox. While this modeling device has generated some fun# damental insights, it presents
one obvious shortcoming: it necessarily ignores any effect that the distribution of factor ...
A Costinot, G Lorenzoni… - 2011 - nber.org
This paper develops a simple theory of capital controls as dynamic terms-of-trade
manipulation. We study an infinite horizon endowment economy with two countries. One
country chooses taxes on international capital flows in order to maximize the welfare of its ...
[CITATION] A Comparative Institutional Analysis of Agreements on Product Standards
A Costinot - 2004 - mimeo
A Costinot, G Lorenzoni… - Manuscript, MIT, 2011 - faculty.chicagobooth.edu
Abstract This paper develops a theory of optimal capital controls in which the only motive for
capital controls is the manipulation of inter-temporal and intra-temporal terms of trade.
Among other things, we show that for a country that is catching up with the rest of the world ...
C Arkolakis, A Costinot, D Donaldson… - 2012 - economics.stanford.edu
Abstract We study the pro-competitive effects of international trade, or lack thereof, in models
with monopolistic competition, firm-level heterogeneity, and variable markups. Under
standard restrictions on consumers' demand and the distribution of firms' productivity, we ...
A Costinot, J Vogel… - 2010 - econ.hit-u.ac.jp
Abstract This paper develops an elementary theory of trade with sequential production. In
spite of its extreme simplicity, our theory is consistent with a number of stylized facts and
able to deliver a rich set of predictions regarding how vertical specialization shapes the ...
A Costinot - 2005 - econ.uqam.ca
The core of this theory lies on the impact of the quality of contract enforcement on the size of
productive teams. It is based on two key elements: (i) gains from the division of labor and (ii)
transaction costs. Gains from the division of labor depend on the complexity of the ...
A Costinot… - 2012 - nber.org
ABSTRACT When asked to name one proposition in the social sciences that is both true and
non-trivial, Paul Samuelson famously replied:'Ricardo's theory of comparative advantage'.
Truth, however, in Samuelson's reply refers to the fact that Ricardo's theory of comparative ...
A COSTINOT, D DONALDSON… - 2011 - econ.ucsd.edu
ADDENDUM TO: WHAT GOODS DO COUNTRIES TRADE? A QUANTITATIVE EXPLORATION
OF RICARDO'S IDEAS ARNAUD COSTINOT, DAVE DONALDSON, AND IVANA KOMUNJER
Abstract. This addendum provides the proofs of Lemma 1, Theorem 1, Lemma 2, and ...
A Costinot, J Vogel… - 2012 - columbia.edu
Abstract A salient feature of globalization in recent decades is the emergence of dglobal
supply chainse in which different countries specialize in different stages of a sequential
production process. In Arnaud Costinot, Jonathan Vogel and Su Wang (2011), CVW ...
RJ Caballero, A Costinot, G Lorenzoni… - 2011 - dspace.mit.edu
In this thesis, I study the interactions between various aspects of the financial system and
macroeconomic volatility in a globally integrated environment. In Chapter 1, I illustrate that
an efficient allocation of liquidity across projects mitigates the economy's responsiveness ...
A Costinot, J Vogel… - 2011 - ifo.de
Abstract This paper develops an elementary theory of global supply chains. We consider a
world economy with an arbitrary number of countries, one factor of production, a continuum
of intermediate goods, and one final good. Production of the final good is sequential and ...
A Costinot… - 2012 - cepr.org
When asked to name one proposition in the social sciences that is both true and non-trivial,
Paul Samuelson famously replied:Ricardo's theory of comparative advantage'. Truth,
however, in Samuelson's reply refers to the fact that Ricardo's theory of comparative ...
[CITATION] INTERMEDIATION AND ECONOMIC INTEGRATION
P Antr? s… - NBER Working Paper Series, 2010
A COSTINOT… - aeaweb.org
The anecdote is famous. A mathematician, Stan Ulam, once challenged Paul Samuelson to
name one proposition in the social sciences that is both true and non-trivial. His reply
was:'Ricardo's theory of comparative advantage'; see Paul Samuelson (1995, p. 22). Truth ...
A Costinot - 2006 - gradworks.umi.com
Chapter 1 is a comparative institutional analysis of agreements on product standards. It offers
a first look at the relative performance of the two principles chosen by the WTO and the EU to
cope with technical barriers to trade: "National Treatment" (NT) and "Mutual Recognition" ( ...
P Antràs… - 2010 - cepr.org
The theory of international trade has paid scant attention to market institutions. Neither
neoclassical theory nor new trade models typically specify the process by which supply and
demand meet. Yet in the real world, intermediaries play a central role in materializing the ...
A Costinot… - 2011 - nber.org
Abstract In this paper we develop a new approach to measuring the gains from economic
integration based on a Roy-like assignment model in which heterogeneous factors of
production are allocated to multiple sectors in multiple local markets. We implement this ...
P Antràs… - 2010 - cepr.org
This paper develops a simple model of international trade with intermediation. We consider
an economy with two islands and two types of agents, farmers and traders. Farmers can
produce two goods, but in order to sell these goods in centralized (Walrasian) markets, ...
A Costinot, G Riboulet, T Roncalli… - Groupe de Recherche …, 2000 - thierry-roncalli.com
Résumé Les banques ont aujourd'hui la possibilité de mettre en place un modèle interne de
risque de marché. L'une des composantes indispensables de ce modèle est la création d'un
programme de stress testing. Cet article présente un outil potentiel pour la construction d' ...
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