This paper integrates local temperature treatment effects and a quantitative macroeconomic
model to evaluate the impact of climate change on sectoral reallocation and aggregate …

We formulate a two-country model of trade and creative destruction by domestic and foreign
firms. In the model, trade liberalization quickens the pace of creative destruction and the flow …

Using Brazilian export data that, unlike many trade data sets, have a full record of small
export sales, this paper reconsiders trade elasticities and the welfare gains from trade. Using …