G2TT
来源类型Discussion paper
规范类型论文
来源IDDP16318
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
URLhttps://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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