期刊
JOURNAL OF INTERNATIONAL ECONOMICS
卷 92, 期 1, 页码 34-50出版社
ELSEVIER SCIENCE BV
DOI: 10.1016/j.jinteco.2013.10.001
关键词
Elasticity of trade; Bilateral; Gravity; Price dispersion; Indirect inference
类别
Quantitative results from a large class of structural gravity models of international trade depend critically on the elasticity of trade with respect to trade frictions. We develop a new simulated method of moments estimator to estimate this elasticity from disaggregate price and trade-flow data and we use it within Eaton and Kortum's (2002) Ricardian model. We apply our estimator to disaggregate price and trade-flow data for 123 countries in the year 2004. Our method yields a trade elasticity of roughly four, nearly fifty percent lower than Eaton and Kortum's (2002) approach. This difference doubles the welfare gains from international trade. (C) 2013 Elsevier B.V. All rights reserved.
作者
我是这篇论文的作者
点击您的名字以认领此论文并将其添加到您的个人资料中。
推荐
暂无数据