| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w30223 |
| 来源ID | Working Paper 30223 |
| Foundation of the Small Open Economy Model with Product Differentiation | |
| Lorenzo Caliendo; Robert C. Feenstra | |
| 发表日期 | 2022-07-11 |
| 出版年 | 2022 |
| 语种 | 英语 |
| 摘要 | We derive a small open economy (SOE) as the limit of an economy as the number or size of its trading partners goes to infinity and trade costs also go to infinity. We obtain this limit in the Armington, Eaton-Kortum, Krugman, and Melitz models. In all cases, the trade of the SOE with the foreign countries approaches a finite limit, and the domestic expenditure share for the SOE approaches a limit that is not zero or unity. The foreign countries can be either infinitely many SOEs, or alternatively, one or many large countries with domestic expenditure shares that approach unity. We illustrate the usefulness of this framework by obtaining a formula for the optimal tariff in the SOE -- depending on the elasticity of domestic wages with respect to the tariff -- that is consistent with all models. |
| 主题 | International Economics ; Trade |
| URL | https://www.nber.org/papers/w30223 |
| 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/587895 |
| 推荐引用方式 GB/T 7714 | Lorenzo Caliendo,Robert C. Feenstra. Foundation of the Small Open Economy Model with Product Differentiation. 2022. |
| 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 | ||
| w30223.pdf（444KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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