Are We Underestimating the Gains from Globalization for the United States?

Over the last three decades, trade has more than tripled the variety of international goods available to U.S. consumers. Although an increased choice of goods clearly enhances consumer well-being, standard national measures of welfare and prices do not assign a value to variety growth. This analysis - the first effort to measure such gains - finds that the value to consumers of global variety growth in the 1972-2001 period was roughly $260 billion

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Year of publication:	2014
Authors:	Broda, Christian M. ; Weinstein, David E.
Publisher:	[S.l.] : SSRN
Subject:	USA \| United States \| Globalisierung \| Globalization \| Wohlfahrtsanalyse \| Welfare analysis \| Import

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Extent:	1 Online-Ressource (7 p)
Type of publication:	Book / Working Paper
Language:	English
Notes:	In: Current Issues in Economics and Finance, Vol. 11, No. 4, April 2005
Classification:	F02 - International Economic Order; Economic Integration and Globalization: General ; F14 - Country and Industry Studies of Trade ; F43 - Economic Growth of Open Economies
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10014064657