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来源类型 | Working Paper |
规范类型 | 报告 |
DOI | 10.3386/w24051 |
来源ID | Working 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 |
URL | https://www.nber.org/papers/w24051 |
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/581725 |
推荐引用方式 GB/T 7714 | Stephen J. Redding,David E. Weinstein. Aggregating from Micro to Macro Patterns of Trade. 2017. |
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 | ||
w24051.pdf(597KB) | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 |
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