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来源类型 | Discussion paper |
规范类型 | 论文 |
来源ID | DP16318 |
DP16318 Gravity and Heterogeneous Trade Cost Elasticities | |
Natalie Chen; Dennis Novy | |
发表日期 | 2021-07-02 |
出版年 | 2021 |
语种 | 英语 |
摘要 | How do trade costs affect international trade? This paper offers a new approach. We rely on a flexible gravity equation that predicts variable trade cost elasticities, both across and within country pairs. We apply this framework to popular trade cost variables such as currency unions, trade agreements, and WTO membership. While we estimate that these variables are associated with increased bilateral trade on average, we find substantial heterogeneity. Consistent with the predictions of our framework, trade cost effects are strong for 'thin' bilateral relationships characterised by small import shares, and weak or even zero for 'thick' relationships. |
主题 | International Trade and Regional Economics |
关键词 | Currency unions Euro Gravity Heterogeneity Rta Trade costs Trade elasticity Translog Wto |
URL | https://cepr.org/publications/dp16318 |
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/545283 |
推荐引用方式 GB/T 7714 | Natalie Chen,Dennis Novy. DP16318 Gravity and Heterogeneous Trade Cost Elasticities. 2021. |
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