| 来源类型 | Working Paper
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| 规范类型 | 报告
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| DOI | 10.3386/w14910
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| 来源ID | Working Paper 14910
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| Trade and Income -- Exploiting Time Series in Geography |
| James Feyrer
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| 发表日期 | 2009-04-23
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| 出版年 | 2009
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| 语种 | 英语
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| 摘要 | Establishing a robust causal relationship between trade and income has been difficult. Frankel and Romer (1999) use a geographic instrument to identify a positive effect of trade on income. Rodriguez and Rodrik (2000) show that these results are not robust to controlling for omitted variables such as distance to the equator or institutions. This paper solves the omitted variable problem by generating a time varying geographic instrument. Improvements in aircraft technology have caused the quantity of world trade carried by air to increase over time. Country pairs with relatively short air routes compared to sea routes benefit more from this change in technology. This heterogeneity can be used to generate a geography based instrument for trade that varies over time. The time series variation allows for controls for country fixed effects, eliminating the bias from time invariant variables such as distance from the equator or historically determined institutions. Trade has a significant effect on income with an elasticity of roughly one half. Differences in predicted trade growth can explain roughly 17 percent of the variation in cross country income growth between 1960 and 1995. |
| 主题 | International Economics
; Trade
; International Macroeconomics
; Development and Growth
; Growth and Productivity
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| URL | https://www.nber.org/papers/w14910
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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/572586
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推荐引用方式
GB/T 7714 |
James Feyrer. Trade and Income -- Exploiting Time Series in Geography. 2009.
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文件名：
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w14910.pdf
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格式：
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Adobe PDF
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