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来源类型Working Paper
规范类型报告
DOI10.3386/w16796
来源IDWorking Paper 16796
The Elasticity of Trade: Estimates and Evidence
Ina Simonovska; Michael E. Waugh
发表日期2011-02-18
出版年2011
语种英语
摘要Quantitative results from a large class of structural gravity models of international trade depend critically on the elasticity of trade with respect to trade frictions. We develop a new simulated method of moments estimator to estimate this elasticity from disaggregate price and trade-flow data and we use it within Eaton and Kortum's (2002) Ricardian model. We apply our estimator to disaggregate price and trade-flow data for 123 countries in the year 2004. Our method yields a trade elasticity of roughly four, nearly fifty percent lower than Eaton and Kortum's (2002) approach. This difference doubles the welfare gains from international trade.
主题International Economics ; Trade
URLhttps://www.nber.org/papers/w16796
来源智库National Bureau of Economic Research (United States)
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资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/574471
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GB/T 7714
Ina Simonovska,Michael E. Waugh. The Elasticity of Trade: Estimates and Evidence. 2011.
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