全球智库信息集成服务系统(G2TT): Geography, Income, and Trade in the 21st Century

G2TT

来源类型	Working Paper
规范类型	报告
DOI	10.3386/w24121
来源ID	Working Paper 24121
	Geography, Income, and Trade in the 21st Century
	Dan Liu; Christopher M. Meissner
发表日期	2017-12-18
出版年	2017
语种	英语
摘要	We investigate the relationship between GDP per capita, trade costs, demand, and income inequality between 1996 and 2011. Specifically we apply the aggregate AIDS-based gravity model as developed in Fajgelbaum and Khandelwal (2016) to a panel of 40 countries to generate a new measure of market potential. We then relate this measure of market potential to country level GDP per capita finding a significant positive relationship which performs better than CES-based measures of market potential. The AIDS model allows for non-homotheticities in demand and the possibility that nations produce goods with higher or lower income elasticities so that income inequality and GDP per capita matter for the direction of trade. CES-based market potential measures are typically only a function of overall income and trade costs, but in AIDS relative incomes and average incomes matter. We also go beyond this partial equilibrium relationship and explore the welfare effects of a unilateral decline in international trade costs. A 10% decline in import prices induces an average rise in welfare of 2% for importing countries. This effect is larger for smaller countries and depends in an interesting way on the income elasticity of demand for source and destination products.
主题	International Economics ; Trade ; Globalization and International Relations
URL	https://www.nber.org/papers/w24121
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/581794
推荐引用方式 GB/T 7714	Dan Liu,Christopher M. Meissner. Geography, Income, and Trade in the 21st Century. 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
w24121.pdf（442KB）	智库出版物		限制开放	CC BY-NC-SA	浏览