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Trade Theory with Numbers: Quantifying the Consequences of Globalization

Costinot, Arnaud; Rodriguez-Clare, Andres - C.E.P.R. Discussion Papers - 2013

We review a recent body of theoretical work that aims to put numbers on the consequences of globalization. A unifying theme of our survey is methodological. We rely on gravity models and demonstrate how they can be used for counterfactual analysis. We highlight how various economic...

Persistent link: https://www.econbiz.de/10011084415

Trade Theory with Numbers: Quantifying the Consequences of Globalization

Rodriguez-Clare, Andres; Costinot, Arnaud - National Bureau of Economic Research (NBER) - 2013

Persistent link: https://www.econbiz.de/10010969334

Estimating Trade Equations from Aggregate Bilateral Data

Bayoumi, Tamim - C.E.P.R. Discussion Papers - 1998

Bilateral data on 420 merchandise trade flows between 21 industrial countries are used to estimate standard trade equations. The data set of over 11,000 observations allows the underlying elasticities to be estimated with considerable precision. Remarkably, a single specification appears to...

Persistent link: https://www.econbiz.de/10005667020

Consequences of price volatility in evaluating the benefits of liberalisation

Boussard, Jean-Marc - Volkswirtschaftliche Fakultät, … - 2006

Many computable general equilibrium models have been set up recently, in order to assess the benefits of trade liberalisation, especially in agriculture. Although figures magnitudes differ from one model to another, they cannot reach any other conclusion than positive benefits. On the other...

Persistent link: https://www.econbiz.de/10005619297

On Theories Explaining the Success of the Gravity Equation

Evenett, S. J.; Keller, W. - Wisconsin Madison - Social Systems - 1994

Examining the accuracy of the monopolistic competition theory's predictions for import volumes, we assess whether this … theory accounts for the empirical success of the gravity equation. Since certain factor-endowment based theories have the …. We find that the accuracy of the monopolistic competition theory's prediction improves in samples where the factor …

Persistent link: https://www.econbiz.de/10005136837

Technology, Trade, and Growth: A Unified Fremework

Eaton, Jonathan; Kortum, Samuel - Department of Economics, Boston University - 2001

Persistent link: https://www.econbiz.de/10004972880

Estimates of the Trade and Welfare Effects of NAFTA

Caliendo, Lorenzo; Parro, Fernando - National Bureau of Economic Research (NBER) - 2012

We build into a Ricardian model sectoral linkages, trade in intermediate goods, and sectoral heterogeneity in production to quantify the trade and welfare effects from tariff changes. We also propose a new method to estimate sectoral trade elasticities consistent with any trade model that...

Persistent link: https://www.econbiz.de/10011096581

Asia’s Evolving Role in Global Wine Markets

Anderson, Kym; Wittwer, Glyn - C.E.P.R. Discussion Papers - 2015

advantage theory before drawing on a model of global wine markets to project developments in Asia and elsewhere over the next …

Persistent link: https://www.econbiz.de/10011262888

Equilibrium Sovereign Default with Exchange Rate Depreciation

Wiczer, David Geoffrey; Popov, Sergey V. - Federal Reserve Bank of St. Louis - 2014

This study proposes and quantitatively assesses a terms-of-trade penalty for defaulting: defaulters must exchange more of their own goods for imports, which causes an adjustment to the equilibrium exchange rate. This penalty can take the place of an ad hoc fall in output: Facing only this...

Persistent link: https://www.econbiz.de/10011082257

The Composition of Trade Flows and the Aggregate Effects of Trade Barriers

French, Scott - School of Economics, UNSW Business School - 2014

A widely used class of quantitative trade models implicitly assumes that patterns of com- parative advantage take a speciﬁc form such that they have no inﬂuence over the eﬀect of trade barriers on aggregate trade ﬂows and welfare. In this paper, I show that this assumption is...

Persistent link: https://www.econbiz.de/10011082684