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来源类型 | Working Paper |
规范类型 | 报告 |
DOI | 10.3386/w22147 |
来源ID | Working Paper 22147 |
Measuring Openness to Trade | |
Michael E. Waugh; B. Ravikumar | |
发表日期 | 2016-04-11 |
出版年 | 2016 |
语种 | 英语 |
摘要 | In this paper we derive a new measure of openness—trade potential index—that quantifies potential gains from trade as a simple function of data. Using a standard multicountry trade model, we measure openness by a country’s potential welfare gain from moving to a world with frictionless trade. In this model, a country’s trade potential depends on only the trade elasticity and two observable statistics: the country’s home trade share and its income level. Quantitatively, poor countries have greater potential gains from trade relative to rich countries, while their welfare costs of autarky are similar. This leads us to infer that rich countries are more open to trade. Our trade potential index correlates strongly with estimates of trade costs, while both the welfare cost of autarky and the volume of trade correlate weakly with trade costs. Thus, our measure of openness is informative about the underlying trade frictions. |
主题 | Macroeconomics ; Macroeconomic Models ; International Economics ; Trade ; International Macroeconomics ; Globalization and International Relations |
URL | https://www.nber.org/papers/w22147 |
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/579821 |
推荐引用方式 GB/T 7714 | Michael E. Waugh,B. Ravikumar. Measuring Openness to Trade. 2016. |
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文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
w22147.pdf(236KB) | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 |
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