Fontagné, Lionel; Guimbard, Houssein; Orefice, Gianluca - 2020
Trade elasticity is a crucial parameter in evaluating the welfare impacts of changes in trade frictions. The value of …' evaluation of the welfare gains from trade. We estimate, and make publicly-available, trade elasticities at the product level … address potential endogeneity issues, as well as heteroskedasticity and selection bias due to zero trade flows. Homogenous …