| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP15374 |
| DP15374 Gravity with Granularity | |
| Holger Breinlich; Harald Fadinger; Volker Nocke; Nicolas Schutz | |
| 发表日期 | 2020-10-15 |
| 出版年 | 2020 |
| 语种 | 英语 |
| 摘要 | We evaluate the consequences of oligopolistic behavior for the estimation of gravity equations for trade flows. With oligopolistic competition, firm-level gravity equations based on a standard CES demand framework need to be augmented by markup terms that are functions of firms' market shares. At the aggregate level, the additional term takes the form of the exporting country's market share in the destination country multiplied by an exporter-destination-specific Herfindahl-Hirschman index. For both cases, we show how to construct appropriate correction terms that can be used to avoid problems of omitted variable bias. We illustrate the quantitative importance of our results for combined French and Chinese firm-level export data as well as for a sample of product-level imports by European countries. Our results show that correcting for oligopoly bias can lead to substantial changes in the coefficients on standard gravity regressors such as distance or the impact of currency unions |
| 主题 | International Trade and Regional Economics |
| 关键词 | Gravity equation Oligopoly Ces demand Aggregative game |
| URL | https://cepr.org/publications/dp15374 |
| 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/544356 |
| 推荐引用方式 GB/T 7714 | Holger Breinlich,Harald Fadinger,Volker Nocke,et al. DP15374 Gravity with Granularity. 2020. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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