Title:Productivity Growth, Bounded Marginal Utility, and Patterns of Trade
Author(s):SAURE, PhilipDate:2007Type of Publication:Working PaperSeries/Report no.:EUI MWP; 2007/25Abstract:The workhorse model of the New Trade Theory fails to explain four strong and central
patterns of postwar trade data. These patterns are, first, the massive increase in trade
volumes, second, the small fraction of traded ...