This chapter reviews the new approach to international trade based on firm heterogeneity in
differentiated product markets. This approach explains a variety of features exhibited in …

This article reviews the recent theoretical literature on heterogeneous firms and trade, which
emphasizes firm selection into international markets and reallocations of resources across …

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 …

'The world economy is subject to a rapidly increasing globalization, and multinational
enterprises are their major driving force. This brand new book on multinationals and …

This paper studies how reduction in trade policy uncertainty affects firm export decisions.
Using a firm–product level dataset on Chinese exports to the United States and the …

We examine the sales of French manufacturing firms in 113 destinations, including France
itself. Several regularities stand out:(i) the number of French firms selling to a market, relative …

This article analyzes the heterogeneous reaction of exporters to real exchange rate changes
using a very rich French firm-level data set with destination-specific export values and …

International relative prices across industrialized countries show large and systematic
deviations from relative purchasing power parity. We embed a model of imperfect …

This paper examines how country, industry, and firm characteristics interact in general
equilibrium to determine nations' responses to trade liberalization. When firms possess …

I propose a model of international trade with liquidity constraints. If firms must pay a fixed
entry cost in order to access foreign markets, and if they face liquidity constraints to finance …