| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w18819 |
| 来源ID | Working Paper 18819 |
| Market Potential and the Rise of US Productivity Leadership | |
| Dan Liu; Christopher M. Meissner | |
| 发表日期 | 2013-02-21 |
| 出版年 | 2013 |
| 语种 | 英语 |
| 摘要 | The US advantage in per capita output, apparent from the late 19th century, is frequently attributed to its relatively large domestic market. We construct market potential measures for the US and 26 other countries between 1880 and 1913 based on a general equilibrium model of production and trade. When compared to other leading economies in 1900, the year around which the US overtakes Britain in productivity leadership, the US does not have the overwhelming lead in market potential that it has in GDP per capita. Still, market potential is positively related to the cross-country distribution of income per capita, but the impact of market potential is likely to be very heterogeneous. We illustrate this in a quantitative calculation of the welfare gains from removing international borders in 1900 within a parsimonious general equilibrium trade model. While there are gains from trade for all nations, the largest European countries do not close their per capita income gaps with the US after this hypothetical rise in market potential. On the other hand, many small countries could have done so. |
| 主题 | International Economics ; Trade ; History ; Macroeconomic History ; Financial History |
| URL | https://www.nber.org/papers/w18819 |
| 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/576493 |
| 推荐引用方式 GB/T 7714 | Dan Liu,Christopher M. Meissner. Market Potential and the Rise of US Productivity Leadership. 2013. |
| 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 | ||
| w18819.pdf（524KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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