TY  - JOUR
AU  - Arkolakis,Costas
AU  - Costinot,Arnaud
AU  - Rodríguez-Clare,Andrés
TI  - New Trade Models, Same Old Gains?
JF  - National Bureau of Economic Research Working Paper Series
VL  - No. 15628
PY  - 2009
Y2  - December 2009
UR  - http://www.nber.org/papers/w15628
L1  - http://www.nber.org/papers/w15628.pdf
N1  - Author contact info:
Costas Arkolakis
Department of Economics
Yale University, 28 Hillhouse Avenue
P.O. Box 208268
New Haven, CT 06520-8268
Tel: 203/432-3527
Fax: 203/432-6323
E-Mail: costas.arkolakis@yale.edu

Arnaud Costinot
Department of Economics
MIT, E52-243B
50 Memorial Drive
Cambridge MA 02142-1347
Tel: 617/324-1712
Fax: 617/253-1330
E-Mail: costinot@mit.edu

Andres Rodriguez-Clare
University of California at Berkeley
Department of Economics
Berkeley, CA 94720-3880
E-Mail: andres1000@gmail.com
AB  - 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 explain these facts. In this paper we investigate to which extent answers to new micro-level questions have affected answers to an old and central question in the field: How large are the gains from trade? A crude summary of our results is: "So far, not much."
ER  -