| 来源类型 | Working Paper
|
| 规范类型 | 报告
|
| DOI | 10.3386/w5377
|
| 来源ID | Working Paper 5377
|
| Determinants of Bilateral Trade: Does Gravity Work in a Neoclassical World? |
| Alan V. Deardorff
|
| 发表日期 | 1995-12-01
|
| 出版年 | 1995
|
| 语种 | 英语
|
| 摘要 | This paper derives bilateral trade from two cases of the Heckscher-Ohlin Model, both also representing a variety of other models as well. First is frictionless trade, in which the absence of all impediments to trade in homogeneous products causes producers and consumers to be indifferent among trading partners. Resolving this indifference randomly, expected trade flows correspond exactly to the simple frictionless gravity equation if preferences are identical and homothetic, or if demands are uncorrelated with supplies, and they depart from the gravity equation systematically when there are such correlations. In the second case, countries produce distinct goods, as in the H-O Model with complete specialization or a variety of other models, and preferences are either Cobb-Douglas or CES. Here trade tends to the standard gravity equation with trade declining in distance, with departures from it that depend on relative transport costs. Conclusions are, first, that even a simple gravity equation can be derived from standard trade theories, and second, that because the gravity equation characterizes many models, its use to test any of them is suspect. |
| 主题 | International Economics
; Trade
|
| URL | https://www.nber.org/papers/w5377
|
| 来源智库 | National Bureau of Economic Research (United States)
|
| 引用统计 |
|
| 资源类型 | 智库出版物
|
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/562832
|
推荐引用方式
GB/T 7714 |
Alan V. Deardorff. Determinants of Bilateral Trade: Does Gravity Work in a Neoclassical World?. 1995.
|
|
文件名：
|
w5377.pdf
|
|
格式：
|
Adobe PDF
|
此文件暂不支持浏览
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
