G2TT
来源类型Working Paper
规范类型报告
DOI10.3386/w22706
来源IDWorking Paper 22706
Quantitative Trade Models: Developments and Challenges
Timothy J. Kehoe; Pau S. Pujolas; Jack Rossbach
发表日期2016-10-03
出版年2016
语种英语
摘要Applied general equilibrium (AGE) models, which feature multiple countries, multiple industries, and input-output linkages across industries, have been the dominant tool for evaluating the impact of trade reforms since the 1980s. We review how these models are used to perform policy analysis and document their shortcomings in predicting the industry-level effects of past trade reforms. We argue that, to improve their performance, AGE models need to incorporate product-level data on bilateral trade relations by industry and better model how trade reforms lower bilateral trade costs. We use the least traded products methodology of Kehoe et al. (2015) to provide guidance on how improvements can be made. We provide further suggestions on how AGE models can incorporate recent advances in quantitative trade theory to improve their predictive ability and better quantify the gains from trade liberalization.
主题International Economics ; Trade
URLhttps://www.nber.org/papers/w22706
来源智库National Bureau of Economic Research (United States)
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资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/580379
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GB/T 7714
Timothy J. Kehoe,Pau S. Pujolas,Jack Rossbach. Quantitative Trade Models: Developments and Challenges. 2016.
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