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##  45 results 

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### Forthcoming

Antràs, Pol, Evgenii Fadeev, Teresa Fort, and Felix Tintelnot. 2025. “[Exporting, Global Sourcing, and Multinational Activity: Theory and Evidence from the United States](/publications/global-sourcing-and-multinational-activity-unified-approach)”. *Review of Economics and Statistics*.



 

 

Antràs, Pol, Evgenii Fadeev, Teresa Fort, and Felix Tintelnot. 2025. “[Exporting, Global Sourcing, and Multinational Activity: Theory and Evidence from the United States](/publications/global-sourcing-and-multinational-activity-unified-approach)”. *Review of Economics and Statistics*.



 

 

 

- add\_circle do\_not\_disturb\_on Abstract
- [ picture\_as\_pdfPDF](/sites/g/files/omnuum5876/files/antras/files/afft_mne_sourcing_dec23.pdf)
- [ picture\_as\_pdfSlides](/sites/g/files/omnuum5876/files/antras/files/afft_mnes_oasis_01.pdf)
 
Multinational firms (MNEs) dominate trade flows, yet their global production decisions are often ignored in firm-level studies of exporting and importing. Using newly merged data on US firms' trade and multinational activity by country, we show that MNEs...



 

 

- [ picture\_as\_pdfPDF](/sites/g/files/omnuum5876/files/antras/files/afft_mne_sourcing_dec23.pdf)
- [ picture\_as\_pdfSlides](/sites/g/files/omnuum5876/files/antras/files/afft_mnes_oasis_01.pdf)
 
 

 



### 2025

Antràs, Pol, and Gerard Padró-i-Miquel. 2025. “[Exporting Ideology: The Right and Left of Foreign Influence](/publications/exporting-ideology-right-and-left-foreign-influence)”. *Quarterly Journal of Political Science* 20 (1): 33-70.



 

 

Antràs, Pol, and Gerard Padró-i-Miquel. 2025. “[Exporting Ideology: The Right and Left of Foreign Influence](/publications/exporting-ideology-right-and-left-foreign-influence)”. *Quarterly Journal of Political Science* 20 (1): 33-70.



 

 

 

- add\_circle do\_not\_disturb\_on Abstract
- [ picture\_as\_pdfPublished Version (PDF)](/sites/g/files/omnuum5876/files/2025-02/100.00023119.pdf)
- [ picture\_as\_pdfPDF](/sites/g/files/omnuum5876/files/antras/files/exp_ideo_03_12_2024_gpim.pdf)
 
We present an economic rationale for countries resorting to foreign influence to export their ideology to other nations. Our model incorporates two fundamental elements: redistribution of the tax burden between capital owners and workers, and...



 

 

- [ picture\_as\_pdfPublished Version (PDF)](/sites/g/files/omnuum5876/files/2025-02/100.00023119.pdf)
- [ picture\_as\_pdfPDF](/sites/g/files/omnuum5876/files/antras/files/exp_ideo_03_12_2024_gpim.pdf)
 
 

Antràs, Pol, and Vitalii Tubdenov. 2025. “[Measuring the Average Period of Production ](/publication/measuring-average-period-production)”. *American Economic Association Papers and Proceedings* 115 (May): 6.



 

 

Antràs, Pol, and Vitalii Tubdenov. 2025. “[Measuring the Average Period of Production ](/publication/measuring-average-period-production)”. *American Economic Association Papers and Proceedings* 115 (May): 6.



 

 

 

- add\_circle do\_not\_disturb\_on Abstract
- [ picture\_as\_pdfLong Version (PDF)](/sites/g/files/omnuum5876/files/2025-02/APP_NBER_Submission.pdf)
- [ picture\_as\_pdfShort Version (PDF)](/sites/g/files/omnuum5876/files/2025-02/APP_PP_AEA_Submission_1_10_25.pdf)
- [ picture\_as\_pdfSlides (ASSA 2025)](/sites/g/files/omnuum5876/files/2025-02/at_slides_aea_2025.pdf)
- [ descriptionPublisher's Version](/sites/g/files/omnuum5876/files/2025-09/antr%C3%A0s-tubdenov-2025-measuring-the-average-period-of-production-1.pdf)
- [ downloadReplication Materials](https://doi.org/10.3886/E228061V1)
 
The importance of time in production was emphasized by Classical economists and was at the core of the Austrian capital theory proposed by Böhm-Bawerk and further elaborated by Wicksell, Hicks, Dorfman, and many others. A central concept in this...



 

 

- [ picture\_as\_pdfLong Version (PDF)](/sites/g/files/omnuum5876/files/2025-02/APP_NBER_Submission.pdf)
- [ picture\_as\_pdfShort Version (PDF)](/sites/g/files/omnuum5876/files/2025-02/APP_PP_AEA_Submission_1_10_25.pdf)
- [ picture\_as\_pdfSlides (ASSA 2025)](/sites/g/files/omnuum5876/files/2025-02/at_slides_aea_2025.pdf)
- [ descriptionPublisher's Version](/sites/g/files/omnuum5876/files/2025-09/antr%C3%A0s-tubdenov-2025-measuring-the-average-period-of-production-1.pdf)
- [ downloadReplication Materials](https://doi.org/10.3886/E228061V1)
 
 

Antràs, Pol. 2025. “[The Uncharted Waters of International Trade](/publication/uncharted-waters-international-trade)”. *Journal of the European Economic Association* 23 (1): 1-51.



 

 

Antràs, Pol. 2025. “[The Uncharted Waters of International Trade](/publication/uncharted-waters-international-trade)”. *Journal of the European Economic Association* 23 (1): 1-51.



 

 

 

- add\_circle do\_not\_disturb\_on Abstract
- [ picture\_as\_pdfPDF](/sites/g/files/omnuum5876/files/2025-02/Uncharted_JEEA.pdf)
- [ picture\_as\_pdfASSA 2024 Slides (PDF)](/sites/g/files/omnuum5876/files/2025-02/BBVA_EEA_Uncharted_Slides.pdf)
- [ picture\_as\_pdfMadrid Slides (PDF)](/sites/g/files/omnuum5876/files/2025-02/BBVA_JEEA_Madrid_Slides_0.pdf)
 
The field of international trade has undergone significant theoretical and empirical advancements over the last twenty-five years. A key breakthrough has been the emergence of firm-level approaches to studying exporting, importing, and global value chains...



 

 

- [ picture\_as\_pdfPDF](/sites/g/files/omnuum5876/files/2025-02/Uncharted_JEEA.pdf)
- [ picture\_as\_pdfASSA 2024 Slides (PDF)](/sites/g/files/omnuum5876/files/2025-02/BBVA_EEA_Uncharted_Slides.pdf)
- [ picture\_as\_pdfMadrid Slides (PDF)](/sites/g/files/omnuum5876/files/2025-02/BBVA_JEEA_Madrid_Slides_0.pdf)
 
 

 



### 2024

Antràs, Pol, Teresa Fort, Agustín Gutiérrez, and Felix Tintelnot. 2024. “[Trade Policy and Global Sourcing: A Rationale for Tariff Escalation](/publications/trade-policy-and-global-sourcing-rationale-tariff-escalation)”. *Journal of Political Economy Macroeconomics* 2 (1): 1-44.



 

 

Antràs, Pol, Teresa Fort, Agustín Gutiérrez, and Felix Tintelnot. 2024. “[Trade Policy and Global Sourcing: A Rationale for Tariff Escalation](/publications/trade-policy-and-global-sourcing-rationale-tariff-escalation)”. *Journal of Political Economy Macroeconomics* 2 (1): 1-44.



 

 

 

- add\_circle do\_not\_disturb\_on Abstract
- [ picture\_as\_pdfPDF](/sites/g/files/omnuum5876/files/antras/files/te_published.pdf)
- [ picture\_as\_pdfWorking Paper Version](/sites/g/files/omnuum5876/files/antras/files/afgt_nov23.pdf)
- [ picture\_as\_pdfOnline Appendix](/sites/g/files/omnuum5876/files/antras/files/afgt_nov23_online_appendix.pdf)
 
Import tariffs tend to be higher on final goods than inputs, a phenomenon commonly referred to as tariff escalation. Despite its salience, existing trade policy results do not predict that tariff escalation increases social welfare. We show that tariff...



 

 

- [ picture\_as\_pdfPDF](/sites/g/files/omnuum5876/files/antras/files/te_published.pdf)
- [ picture\_as\_pdfWorking Paper Version](/sites/g/files/omnuum5876/files/antras/files/afgt_nov23.pdf)
- [ picture\_as\_pdfOnline Appendix](/sites/g/files/omnuum5876/files/antras/files/afgt_nov23_online_appendix.pdf)
 
 

Antràs, Pol, Evgenii Fadeev, Teresa Fort, and Felix Tintelnot. 2024. “[Export-Platform FDI: Cannibalization or Complementarity?](/publications/export-platform-fdi-cannibalization-or-complementarity)”.  *American Economic Association Papers and Proceedings*  114 (May).



 

 

Antràs, Pol, Evgenii Fadeev, Teresa Fort, and Felix Tintelnot. 2024. “[Export-Platform FDI: Cannibalization or Complementarity?](/publications/export-platform-fdi-cannibalization-or-complementarity)”.  *American Economic Association Papers and Proceedings*  114 (May).



 

 

 

- add\_circle do\_not\_disturb\_on Abstract
- [ picture\_as\_pdfPDF (Short Version)](/sites/g/files/omnuum5876/files/antras/files/antras-et-al-2024-export-platform-fdi-cannibalization-or-complementarity.pdf)
- [ picture\_as\_pdfPDF (Long Version)](/sites/g/files/omnuum5876/files/antras/files/afft_pp_01-22_nberwp_final_version.pdf)
- [ picture\_as\_pdfSlides](/sites/g/files/omnuum5876/files/antras/files/afft_pp_slides_1_5_24_pa.pdf)
 
We develop a model of export-platform foreign direct investment (FDI) in which final goods are produced only with labor and there are no fixed costs of exporting. We derive a simple condition that determines whether an MNE's plants are substitutes or...



 

 

- [ picture\_as\_pdfPDF (Short Version)](/sites/g/files/omnuum5876/files/antras/files/antras-et-al-2024-export-platform-fdi-cannibalization-or-complementarity.pdf)
- [ picture\_as\_pdfPDF (Long Version)](/sites/g/files/omnuum5876/files/antras/files/afft_pp_01-22_nberwp_final_version.pdf)
- [ picture\_as\_pdfSlides](/sites/g/files/omnuum5876/files/antras/files/afft_pp_slides_1_5_24_pa.pdf)
 
 

 



### 2023

Antràs, Pol, Stephen Redding, and Esteban Rossi-Hansberg. 2023. “[Globalization and Pandemics](/publications/globalization-and-pandemics)”. *American Economic Review* 113 (4): 939-81.



 

 

Antràs, Pol, Stephen Redding, and Esteban Rossi-Hansberg. 2023. “[Globalization and Pandemics](/publications/globalization-and-pandemics)”. *American Economic Review* 113 (4): 939-81.



 

 

 

- add\_circle do\_not\_disturb\_on Abstract
- [ picture\_as\_pdfPDF](/sites/g/files/omnuum5876/files/antras/files/antras-et-al-2023-globalization-and-pandemics.pdf)
- [ picture\_as\_pdfWorking Paper Version](/sites/g/files/omnuum5876/files/antras/files/gp.pdf)
- [ picture\_as\_pdfOnline Appendix](/sites/g/files/omnuum5876/files/antras/files/gpapp.pdf)
 
 We propose a theory of the relationship between globalization and pandemics. We start by documenting the importance of international trade for the diffusion of infections in several pandemics throughout history. We also show that trade is closely...



 

 

- [ picture\_as\_pdfPDF](/sites/g/files/omnuum5876/files/antras/files/antras-et-al-2023-globalization-and-pandemics.pdf)
- [ picture\_as\_pdfWorking Paper Version](/sites/g/files/omnuum5876/files/antras/files/gp.pdf)
- [ picture\_as\_pdfOnline Appendix](/sites/g/files/omnuum5876/files/antras/files/gpapp.pdf)
 
 

Antràs, Pol. 2023. “[Interest Rates and World Trade: An ’Austrian’ Perspective](/publications/interest-rates-and-world-trade-austrian-perspective)”. *American Economic Association Papers and Proceedings* 113 (May): 65-69.



 

 

Antràs, Pol. 2023. “[Interest Rates and World Trade: An ’Austrian’ Perspective](/publications/interest-rates-and-world-trade-austrian-perspective)”. *American Economic Association Papers and Proceedings* 113 (May): 65-69.



 

 

 

- add\_circle do\_not\_disturb\_on Abstract
- [ picture\_as\_pdfPDF (Published Short Vers...](/sites/g/files/omnuum5876/files/antras/files/antras-2023-interest-rates-and-world-trade-an-austrian-perspective.pdf)
- [ picture\_as\_pdfPDF (Long Version)](/sites/g/files/omnuum5876/files/antras/files/tradeintegrationinterestrates_01_11_23_regular_format.pdf)
- [ picture\_as\_pdfSlides](/sites/g/files/omnuum5876/files/antras/files/austrian_pp_slides_slides.pdf)
 
This paper develops a framework to study the interplay between world trade and interest rates. The model incorporates an explicit notion of time and of production length, along the lines of the 'Austrian' tradition of Bohm-Bawerk (1889). Changes in the...



 

 

- [ picture\_as\_pdfPDF (Published Short Vers...](/sites/g/files/omnuum5876/files/antras/files/antras-2023-interest-rates-and-world-trade-an-austrian-perspective.pdf)
- [ picture\_as\_pdfPDF (Long Version)](/sites/g/files/omnuum5876/files/antras/files/tradeintegrationinterestrates_01_11_23_regular_format.pdf)
- [ picture\_as\_pdfSlides](/sites/g/files/omnuum5876/files/antras/files/austrian_pp_slides_slides.pdf)
 
 

 



### 2022

Antràs, Pol, and Davin Chor. 2022. “[Global Value Chains](/publications/global-value-chains)”. In *Handbook of International Economics*. Vol. 5. Elsevier.



 

 

Antràs, Pol, and Davin Chor. 2022. “[Global Value Chains](/publications/global-value-chains)”. In *Handbook of International Economics*. Vol. 5. Elsevier.



 

 

 

- add\_circle do\_not\_disturb\_on Abstract
- [ picture\_as\_pdfPDF](/sites/g/files/omnuum5876/files/antras/files/handbookgvcs.pdf)
- [ picture\_as\_pdfOnline Appendix](/sites/g/files/omnuum5876/files/antras/files/antras_chor_gvc_chapter_online_appendix.pdf)
- [ picture\_as\_pdfUnabridged Version](/sites/g/files/omnuum5876/files/antras/files/antras_chor_gvc_chapter_long_version.pdf)
 
This paper surveys the recent body of work in economics on the importance of global value chains (GVCs) in shaping international trade flows and multinational activity. On the empirical front, we begin reviewing several variants of the "macro approach" to...



 

 

- [ picture\_as\_pdfPDF](/sites/g/files/omnuum5876/files/antras/files/handbookgvcs.pdf)
- [ picture\_as\_pdfOnline Appendix](/sites/g/files/omnuum5876/files/antras/files/antras_chor_gvc_chapter_online_appendix.pdf)
- [ picture\_as\_pdfUnabridged Version](/sites/g/files/omnuum5876/files/antras/files/antras_chor_gvc_chapter_long_version.pdf)
 
 

 



### 2021

Almunia, Miguel, Pol Antràs, David Lopez-Rodriguez, and Eduardo Morales. 2021. “[Venting Out: Exports During a Domestic Slump](/publications/venting-out-exports-during-domestic-slump)”. *American Economic Review* 111 (11): 3611-62.



 

 

Almunia, Miguel, Pol Antràs, David Lopez-Rodriguez, and Eduardo Morales. 2021. “[Venting Out: Exports During a Domestic Slump](/publications/venting-out-exports-during-domestic-slump)”. *American Economic Review* 111 (11): 3611-62.



 

 

 

- add\_circle do\_not\_disturb\_on Abstract
- [ descriptionPublisher's Version](https://www.aeaweb.org/articles?id=10.1257/aer.20181853)
- [ picture\_as\_pdfPDF](/sites/g/files/omnuum5876/files/antras/files/ventingoutaer.pdf)
- [ picture\_as\_pdfOnline Appendix](/sites/g/files/omnuum5876/files/antras/files/venting_aalm_online_appendix.pdf)
- [ picture\_as\_pdfSlides](/sites/g/files/omnuum5876/files/antras/files/venting_aalm_slides.pdf)
 
 We exploit plausibly exogenous geographical variation in the reduction in domestic demand caused by the Great Recession in Spain to document the existence of a robust, within-firm negative causal relationship between demand-driven changes in domestic...



 

 

- [ descriptionPublisher's Version](https://www.aeaweb.org/articles?id=10.1257/aer.20181853)
- [ picture\_as\_pdfPDF](/sites/g/files/omnuum5876/files/antras/files/ventingoutaer.pdf)
- [ picture\_as\_pdfOnline Appendix](/sites/g/files/omnuum5876/files/antras/files/venting_aalm_online_appendix.pdf)
- [ picture\_as\_pdfSlides](/sites/g/files/omnuum5876/files/antras/files/venting_aalm_slides.pdf)
 
 

Antràs, Pol. 2021. “[De-Globalisation? Global Value Chains in the Post-COVID-19 Age](/publications/de-globalisation-global-value-chains-post-covid-19-age)”. *2021 ECB Forum: "Central Banks in a Shifting World" Conference Proceedings*.



 

 

Antràs, Pol. 2021. “[De-Globalisation? Global Value Chains in the Post-COVID-19 Age](/publications/de-globalisation-global-value-chains-post-covid-19-age)”. *2021 ECB Forum: "Central Banks in a Shifting World" Conference Proceedings*.



 

 

 

- add\_circle do\_not\_disturb\_on Abstract
- [ picture\_as\_pdfPDF](/sites/g/files/omnuum5876/files/antras/files/ecbsintra.pdf)
- [ picture\_as\_pdfWorking Paper Version](/sites/g/files/omnuum5876/files/antras/files/deglobalization_sintra_antras.pdf)
- [ picture\_as\_pdfSlides](/sites/g/files/omnuum5876/files/antras/files/sintra_november_2020.pdf)
 
 This paper evaluates the extent to which the world economy has entered a phase of de-globalisation, and it offers some speculative thoughts on the future of global value chains in the post-COVID-19 age. Although the growth of international trade flows...



 

 

- [ picture\_as\_pdfPDF](/sites/g/files/omnuum5876/files/antras/files/ecbsintra.pdf)
- [ picture\_as\_pdfWorking Paper Version](/sites/g/files/omnuum5876/files/antras/files/deglobalization_sintra_antras.pdf)
- [ picture\_as\_pdfSlides](/sites/g/files/omnuum5876/files/antras/files/sintra_november_2020.pdf)
 
 

 



### 2020

Antràs, Pol. (October) 2020. “[Conceptual Aspects of Global Value Chains](/publications/conceptual-aspects-global-value-chains)”. *World Bank Economic Review* 34 (3): 551-74.



 

 

Antràs, Pol. (October) 2020. “[Conceptual Aspects of Global Value Chains](/publications/conceptual-aspects-global-value-chains)”. *World Bank Economic Review* 34 (3): 551-74.



 

 

 

- add\_circle do\_not\_disturb\_on Abstract
- [ descriptionPublisher's Version](https://academic.oup.com/wber/article-abstract/34/3/551/5819978)
- [ picture\_as\_pdfPDF](/sites/g/files/omnuum5876/files/antras/files/conceptualaspectsgvcsfinal.pdf)
 
 This article offers an overview of some key conceptual aspects associated with the rise of global value chains (GVCs). It outlines a series of alternative interpretations and definitions of what the rise of GVCs entails, and it traces the implications of...



 

 

- [ descriptionPublisher's Version](https://academic.oup.com/wber/article-abstract/34/3/551/5819978)
- [ picture\_as\_pdfPDF](/sites/g/files/omnuum5876/files/antras/files/conceptualaspectsgvcsfinal.pdf)
 
 

 



 

 

 

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