| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP14645 |
| DP14645 The Long and Short (Run) of Trade Elasticities | |
| Christoph Boehm; Andrei Levchenko; Nitya Pandalai-Nayar | |
| 发表日期 | 2020-04-21 |
| 出版年 | 2020 |
| 语种 | 英语 |
| 摘要 | We propose a novel approach to estimate the trade elasticity at various horizons. When countries change Most Favored Nation (MFN) tariffs, partners that trade on MFN terms experience plausibly exogenous tariff changes. The differential effects on imports from these countries relative to a control group – countries not subject to the MFN tariff scheme – can be used to identify the trade elasticity. We build a panel dataset combining information on product-level tariffs and trade flows covering 1995-2018, and estimate the trade elasticity at short and long horizons using local projections (Jordà, 2005). Our main findings are that the elasticity of tariff-exclusive trade flows in the year following the exogenous tariff change is about −0.76, and the long-run elasticity ranges from −1.75 to −2.25. Our long-run estimates are smaller than typical in the literature, and it takes 7-10 years to converge to the long run, implying that (i) the welfare gains from trade are high and (ii) there are substantial convexities in the costs of adjusting export participation. |
| 主题 | International Macroeconomics and Finance ; International Trade and Regional Economics |
| 关键词 | Trade elasticity |
| URL | https://cepr.org/publications/dp14645-1 |
| 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/543558 |
| 推荐引用方式 GB/T 7714 | Christoph Boehm,Andrei Levchenko,Nitya Pandalai-Nayar. DP14645 The Long and Short (Run) of Trade Elasticities. 2020. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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