ERC Advanced Grant · 2017
From Micro to Macro: Aggregate Implications of Firm-Level Heterogeneity in International Trade
What determines the patterns of international trade and the associated welfare effects? Can individual incentives to trade diverge from societal objectives? Should governments intervene to promote or restrict international transactions? Questions like these have recently gained new salience, in Europe and elsewhere, due to renewed protectionist pressures and resurgent nationalistic tendencies arising from diffuse disenchantment with globalization. The aim of the research project is to highlighting key dimensions along which the answers to these questions obtained from conventional trade models with homogenous firms should be revisited in the light of permanent pervasive firm heterogeneity.…
From the public funding record at EU CORDIS. Describes the funded project, not the reviews below.