| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w21984 |
| 来源ID | Working Paper 21984 |
| International Trade with Indirect Additivity | |
| Paolo Bertoletti; Federico Etro; Ina Simonovska | |
| 发表日期 | 2016-02-15 |
| 出版年 | 2016 |
| 语种 | 英语 |
| 摘要 | We develop a general equilibrium model of monopolistic competition and trade based on indirectly additive preferences and heterogenous firms. It generates markups independent from destination population but increasing in destination per capita income, as documented empirically. Trade liberalization delivers an increase in consumed variety and incomplete cost pass-through. This leads to welfare gains that can be much lower than those predicted by comparable models with different preferences. We introduce a tractable utility function that further predicts that small firms grow more during trade liberalization and pass through cost changes more than do large firms. Once we estimate the model to match moments from cross-firm and cross-country data we (i) find quantitatively large differences in the welfare gains from trade relative to models based on homothetic preferences, and (ii) evaluate the gains and losses from the Transatlantic Trade and Investment Partnership agreement. |
| 主题 | Microeconomics ; Households and Firms ; Market Structure and Distribution ; International Economics ; Trade ; Industrial Organization ; Market Structure and Firm Performance |
| URL | https://www.nber.org/papers/w21984 |
| 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/579658 |
| 推荐引用方式 GB/T 7714 | Paolo Bertoletti,Federico Etro,Ina Simonovska. International Trade with Indirect Additivity. 2016. |
| 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 | ||
| w21984.pdf（815KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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