| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP9125 |
| DP9125 International Trade without CES: Estimating Translog Gravity | |
| Dennis Novy | |
| 发表日期 | 2012-09-09 |
| 出版年 | 2012 |
| 语种 | 英语 |
| 摘要 | This paper derives a micro-founded gravity equation based on a translog demand system that allows for flexible substitution patterns across goods. In contrast to the standard CES-based gravity equation, translog gravity generates an endogenous trade cost elasticity. Trade is more sensitive to trade costs if the exporting country only provides a small share of the destination country's imports. As a result, trade costs have a heterogeneous impact across country pairs, with some trade flows predicted to be zero. I test the translog gravity equation and find empirical evidence that is in many ways consistent with its predictions. |
| 主题 | International Trade and Regional Economics |
| 关键词 | Distance Gravity Import share Trade cost elasticity Trade costs Translog |
| URL | https://cepr.org/publications/dp9125 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/537958 |
| 推荐引用方式 GB/T 7714 | Dennis Novy. DP9125 International Trade without CES: Estimating Translog Gravity. 2012. |
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