G2TT
来源类型Working Paper
规范类型报告
DOI10.3386/w8515
来源IDWorking Paper 8515
Borders, Trade and Welfare
James E. Anderson; Eric van Wincoop
发表日期2001-10-01
出版年2001
语种英语
摘要International economic integration yields large potential welfare effects, even in a static constant returns competitive world economy. Our method is novel. The effect of border barriers on trade flows is often inferred from gravity models. But their rather atheoretic structure precludes welfare analysis. Computable general equilibrium models are designed for tight welfare analysis, but lack econometric foundation. Our method combines these approaches. Gravity models based on Anderson's (1979) interpretation are full general equilibrium models of a special simple sort. In Anderson and van Wincoop (NBER WP 8079, 2001) we develop and estimate this structure, then calculate the comparative static effects on trade flows of border barriers. In this paper we further deploy the model to explore the comparative statics of welfare with respect to borders, to currency unions and to NAFTA. Our NAFTA exercise does a much better job of replicating the actual trade flow changes than do computable general equilibrium models. An interesting implication is that terms of trade changes are very important, even for small' countries such as Mexico.
主题International Economics
URLhttps://www.nber.org/papers/w8515
来源智库National Bureau of Economic Research (United States)
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条目标识符http://119.78.100.153/handle/2XGU8XDN/566119
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GB/T 7714
James E. Anderson,Eric van Wincoop. Borders, Trade and Welfare. 2001.
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