| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w21401 |
| 来源ID | Working Paper 21401 |
| Nonparametric Counterfactual Predictions in Neoclassical Models of International Trade | |
| Rodrigo Adao; Arnaud Costinot; Dave Donaldson | |
| 发表日期 | 2015-07-27 |
| 出版年 | 2015 |
| 语种 | 英语 |
| 摘要 | We develop a methodology to construct nonparametric counterfactual predictions, free of functional-form restrictions on preferences and technology, in neoclassical models of international trade. First, we establish the equivalence between such models and reduced exchange models in which countries directly exchange factor services. This equivalence implies that, for an arbitrary change in trade costs, counterfactual changes in the factor content of trade, factor prices, and welfare only depend on the shape of a reduced factor demand system. Second, we provide sufficient conditions under which estimates of this system can be recovered nonparametrically. Together, these results offer a strict generalization of the parametric approach used in so-called gravity models. Finally, we use China's recent integration into the world economy to illustrate the feasibility and potential benefits of our approach. |
| 主题 | International Economics ; Trade |
| URL | https://www.nber.org/papers/w21401 |
| 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/579076 |
| 推荐引用方式 GB/T 7714 | Rodrigo Adao,Arnaud Costinot,Dave Donaldson. Nonparametric Counterfactual Predictions in Neoclassical Models of International Trade. 2015. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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