| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP14473 |
| DP14473 Gravity without Apologies: The Science of Elasticities, Distance, and Trade | |
| Céline Carrère; Monika Mrazova; Peter Neary | |
| 发表日期 | 2020-03-05 |
| 出版年 | 2020 |
| 语种 | 英语 |
| 摘要 | Gravity as both fact and theory is one of the great success stories of the modern study of international trade, and has featured prominently in policy debates such as that over Brexit. We first review the facts, noting the overwhelming evidence that trade tends to fall with distance. We then introduce some expository tools for understanding CES theories of gravity as a simple general-equilibrium system. Next, we point out some anomalies with the theory, including implausible predictions for bilateral trade balances. Finally, we sketch an approach based on subconvex gravity as a promising direction to resolving them. |
| 主题 | International Trade and Regional Economics |
| 关键词 | Bilateral trade balances Brexit Elasticity of trade to distance Quantile regression Structural gravity and trade Subconvex demands |
| URL | https://cepr.org/publications/dp14473 |
| 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/543372 |
| 推荐引用方式 GB/T 7714 | Céline Carrère,Monika Mrazova,Peter Neary. DP14473 Gravity without Apologies: The Science of Elasticities, Distance, and Trade. 2020. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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