Comparative Advantage and the Welfare Impact of European Integration
---- Acknowledgements -----
We are grateful the editor (Tullio Jappelli), three anonymous referees, Ayhan Kose, Marcelo Olarreaga, and seminar participants at IMF, University of Michigan, 2011 SED (Gent), 2011 ELSNIT (St. Gallen), and 2012 AEA Meetings (Chicago) for helpful suggestions, and to Lin Ma and Aaron Flaaen for excellent research assistance. This is a preliminary version of a paper prepared for the 55th Panel Meeting of Economic Policy, April 2012. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.