全球智库信息集成服务系统(G2TT): General Equilibrium Effects in Space: Theory and Measurement

G2TT

来源类型	Working Paper
规范类型	报告
DOI	10.3386/w25544
来源ID	Working Paper 25544
	General Equilibrium Effects in Space: Theory and Measurement
	Rodrigo Adão; Costas Arkolakis; Federico Esposito
发表日期	2019-02-11
出版年	2019
语种	英语
摘要	How do international trade shocks affect spatially connected regional markets? We answer this question by extending shift-share empirical specifications to incorporate general equilibrium effects that arise in spatial models. In partial equilibrium, regional shock exposure has a shift-share structure: it is the average shock weighted by regional exposure shares in revenue and consumption. General equilibrium responses of employment and wages in each market are the sum, across all regions, of these shift-share measures times bilateral reduced-form elasticities determined by the economy's spatial links. We use this reduced-form representation of the model to efficiently estimate the bilateral elasticities exploiting exogenous variation in shock exposure across markets. Finally, we study the general equilibrium impact of the “China shock” on U.S. CZs using our model-consistent generalization of the specification in Autor et al. (2013). We find that indirect effects from the shock exposure of other markets reinforce the negative impact of the market's own shock exposure, leading to employment and wage losses that are significantly larger than those reported in the existing literature.
主题	International Economics ; Trade ; Regional and Urban Economics ; Regional Economics
URL	https://www.nber.org/papers/w25544
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/583217
推荐引用方式 GB/T 7714	Rodrigo Adão,Costas Arkolakis,Federico Esposito. General Equilibrium Effects in Space: Theory and Measurement. 2019.

条目包含的文件
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w25544.pdf（890KB）	智库出版物		限制开放	CC BY-NC-SA	浏览