全球智库信息集成服务系统(G2TT): Measuring Openness to Trade

G2TT

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.

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
w22147.pdf（236KB）	智库出版物		限制开放	CC BY-NC-SA	浏览