G2TT
来源类型Working Paper
规范类型报告
DOI10.3386/w24051
来源IDWorking Paper 24051
Aggregating from Micro to Macro Patterns of Trade
Stephen J. Redding; David E. Weinstein
发表日期2017-11-27
出版年2017
语种英语
摘要We develop a new framework for aggregating from micro to macro patterns of trade. We derive price indexes that determine comparative advantage across countries and sectors and the aggregate cost of living. If firms and products are imperfect substitutes, we show that these price indexes depend on variety, average demand/quality and the dispersion of demand/quality-adjusted prices, and are only weakly related to standard empirical measures of average prices, thereby providing insight for elasticity puzzles. Of the cross-section (time-series) variation in comparative advantage, 50 (90) percent is accounted for by variety and average demand/quality, with average prices contributing less than 10 percent.
主题International Economics ; Trade ; Globalization and International Relations
URLhttps://www.nber.org/papers/w24051
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/581725
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GB/T 7714
Stephen J. Redding,David E. Weinstein. Aggregating from Micro to Macro Patterns of Trade. 2017.
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