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来源类型 | Working Paper |
规范类型 | 报告 |
DOI | 10.3386/w18532 |
来源ID | Working Paper 18532 |
Trade, Domestic Frictions, and Scale Effects | |
Natalia Ramondo; Andrés Rodríguez-Clare; Milagro Saborío-Rodríguez | |
发表日期 | 2012-11-09 |
出版年 | 2012 |
语种 | 英语 |
摘要 | Because of scale effects, idea-based growth models have the counterfactual implication that larger countries should be much richer than smaller ones. New trade models share this same problematic feature: although small countries gain more from trade than large ones, this is not strong enough to offset the underlying scale effects. In fact, new trade models exhibit other counterfactual implications associated with scale effects – in particular, domestic trade shares and relative income levels increase too steeply with country size. We argue that these implications are largely a result of the standard assumption that countries are fully integrated domestically, as if they were a single dot in space. We depart from this assumption by treating countries as collections of regions that face positive costs to trade amongst themselves. The resulting model is largely consistent with the data. For example, for a small and rich country like Denmark, our calibrated model implies a real per-capita income of 81 percent the United States’s, much closer to the data (94 percent) than the trade model with no domestic frictions (40 percent). |
主题 | International Economics ; International Macroeconomics ; Development and Growth ; Development ; Growth and Productivity |
URL | https://www.nber.org/papers/w18532 |
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/576207 |
推荐引用方式 GB/T 7714 | Natalia Ramondo,Andrés Rodríguez-Clare,Milagro Saborío-Rodríguez. Trade, Domestic Frictions, and Scale Effects. 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 | ||
w18532.pdf(702KB) | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 |
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