| 来源类型 | Working Paper
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| 规范类型 | 报告
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| DOI | 10.3386/w13662
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| 来源ID | Working Paper 13662
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| Trade, Diffusion and the Gains from Openness |
| Andres Rodriguez-Clare
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| 发表日期 | 2007-12-14
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| 出版年 | 2007
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| 语种 | 英语
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| 摘要 | Building on Eaton and Kortum's (2002) model of Ricardian trade, Alvarez and Lucas (2005) calculate that a small country representing 1% of the world's GDP experiences a gain of 41% as it goes from autarky to frictionless trade with the rest of the world. But the gains from openness, which includes not only trade but all the other ways through which countries interact, are arguably much higher than the gains from trade. This paper presents and then calibrates a model where countries interact through trade as well as diffusion of ideas, and then quantifies the overall gains from openness and the role of trade in generating these gains. Having the model match the trade data (i.e., the gravity equation) and the observed growth rate is critical for this quantification to be reasonable. The main result of the paper is that, compared to the model without diffusion, the gains from openness are much larger (206%-240%) and the gains from trade are smaller (13%-24%) when diffusion is included in the model. This last result is a consequence of a novel feature of the model, namely that trade and diffusion are substitutes, implying that trade generates smaller gains when diffusion is present. |
| 主题 | International Economics
; Trade
; International Macroeconomics
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| URL | https://www.nber.org/papers/w13662
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| 来源智库 | National Bureau of Economic Research (United States)
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| 引用统计 |
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| 资源类型 | 智库出版物
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| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/571343
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推荐引用方式
GB/T 7714 |
Andres Rodriguez-Clare. Trade, Diffusion and the Gains from Openness. 2007.
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文件名：
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w13662.pdf
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格式：
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Adobe PDF
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