| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w18131 |
| 来源ID | Working Paper 18131 |
| Skill Premium and Trade Puzzles: a Solution Linking Production and Preferences | |
| Justin Caron; Thibault Fally; James R. Markusen | |
| 发表日期 | 2012-06-08 |
| 出版年 | 2012 |
| 语种 | 英语 |
| 摘要 | International trade theory is a general-equilibrium discipline, yet most of the standard portfolio of research focuses on the production side of general equilibrium. In addition, we do not have a good understanding of the relationship between characteristics of goods in production and characteristics of preferences. This paper conducts an empirical investigation into the relationship between a good's factor intensity in production and its income elasticity of demand in consumption. In particular, we find a strong and significant positive relationship between skilled-labor intensity in production and income elasticity of demand for several types of preferences, with and without accounting for trade costs and differences in prices. Counter-factual simulations yield a number of results. We can explain about half of "missing trade", and show an important role for per-capita income in understanding trade/GDP ratios, the choice of trading partners, and the composition of trade. Furthermore, an equal rise in productivity in all sectors in all countries leads to a rising skill premium in all countries, with particularly large increases in developing countries. |
| 主题 | International Economics ; Trade |
| URL | https://www.nber.org/papers/w18131 |
| 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/575807 |
| 推荐引用方式 GB/T 7714 | Justin Caron,Thibault Fally,James R. Markusen. Skill Premium and Trade Puzzles: a Solution Linking Production and Preferences. 2012. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w18131.pdf（476KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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