Similar Search Results

The Elasticity of Trade : Estimates and Evidence

Simonovska, Ina - 2011

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 … elasticity of roughly four, nearly fifty percent lower than Eaton and Kortum's (2002) approach. This difference doubles the …

Persistent link: https://www.econbiz.de/10013129231

Estimating Trade Elasticities : Demand Composition and the Trade Collapse of 2008-09

Bussière, Matthieu - 2012

This paper introduces a new methodology for the estimation of demand trade elasticities based on an import intensity-adjusted measure of aggregate demand, with the foundation of a stylized theoretical model. We compute the import intensity of demand components by using the OECD Input-Output...

Persistent link: https://www.econbiz.de/10013112619

Optimal Tariffs : The Evidence

Broda, Christian M.; Limão, Nuno; Weinstein, David E. - 2021

The theoretical debate over whether countries can and should set tariffs in response to the foreign export elasticities they face goes back to Edgeworth (1894). Despite the centrality of the optimal tariff argument in trade policy, there exists no evidence about whether countries actually...

Persistent link: https://www.econbiz.de/10013227227

International Trade and Intertemporal Substitution

Leibovici, Fernando - 2014

This paper studies the dynamics of international trade flows at business cycle frequencies. We show that introducing dynamic considerations into an otherwise standard model of trade can account for several puzzling features of trade flows at business cycle frequencies. Our insight is that...

Persistent link: https://www.econbiz.de/10013047024

Trade Models, Trade Elasticities, and the Gains from Trade

Simonovska, Ina - 2014

these margins. Theoretically, we show that for fixed trade elasticity, different models predict identical trade flows, but …-flow and tariff data, which imply a common trade elasticity across models …

Persistent link: https://www.econbiz.de/10013047030

International Trade and Labor-Demand Elasticities

Slaughter, Matthew J. - 2021

In this paper I try to determine whether international trade has been increasing the own-price elasticity of demand for … elasticity patterns. Thus the time series of labor-demand elasticities are explained largely by a residual, time itself. This …

Persistent link: https://www.econbiz.de/10013247644

Commodity Trade Matters

Fally, Thibault - 2018

Primary commodities are used as inputs into all production processes, yet they account for approximately 16 percent of world trade. Despite their share in trade, we show that the aggregate gains from trade are largely understated if we ignore key features of commodities: low price elasticities...

Persistent link: https://www.econbiz.de/10012911683

Gravity and Comparative Advantage : Estimation of Trade Elasticities for the Agricultural Sector

Heerman, Kari - 2018

In this paper, a structural gravity model is presented which features intra-sector heterogeneity in agricultural productivity systematically linked to land and climate characteristics. The “systematic heterogeneity” (SH) gravity model predicts that countries with similar land and climate...

Persistent link: https://www.econbiz.de/10012915644

Doomed to Deficits? Aggregate U.S. Trade Flows Re-Examined

Chinn, Menzie David - 2021

cointegration, although the price elasticity is not statistically significant. Only when excluding computers and parts from the …

Persistent link: https://www.econbiz.de/10013220385

Co-Integration, Aggregate Consumption, and the Demand for Imports : A Structural Econometric Investigation

Clarida, Richard H. - 2021

(1990> to estimate the parameters of the import demand equation. The long-run price elasticity of import demand is estimated … to be -0.95. The elasticity of import demand with respect to a permanent increase in real spending is estimated to be 2 …

Persistent link: https://www.econbiz.de/10013225409