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Redistributing the Gains From Trade Through Progressive Taxation
Lyon, Spencer G. - 2018
Should a nation's tax system become more progressive as it opens to trade? Does opening to trade change the benefits of a progressive tax system? We answer these question within a standard incomplete markets model with frictional labor markets and Ricardian trade. Consistent with empirical...
Persistent link: https://www.econbiz.de/10012452938
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Investment in Infrastructure and Trade : The Case of Ports
Brancaccio, Giulia; Kalouptsidi, Myrto; Papageorgiou, … - National Bureau of Economic Research - 2024
Transportation infrastructure is vital for the smooth functioning of international trade. Ports are a crucial gateway … infrastructure to alleviate these costs, a key policy question emerges: in a world with high volatility, what are the returns to … investing in infrastructure? To address this question, we introduce an empirical framework that combines insights from queueing …
Persistent link: https://www.econbiz.de/10014544781
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Trade and Innovation
Melitz, Marc J.; Redding, Stephen - National Bureau of Economic Research - 2021
Two central insights from the Schumpeterian approach to innovation and growth are that the pace of innovation is endogenously determined by the expectation of future profits and that growth is inherently a process of creative destruction. As international trade is a key determinant of firm...
Persistent link: https://www.econbiz.de/10012585429
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Gains from Trade : Does Sectoral Heterogeneity Matter?
Giri, Rahul - 2020
This paper assesses the quantitative importance of including sectoral heterogeneity in computing the gains from trade. Our framework draws from Caliendo and Parro (2015) and has sectoral heterogeneity along five dimensions, including the elasticity of trade to trade costs. We estimate the...
Persistent link: https://www.econbiz.de/10012479265
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Innovation, Growth, and Dynamic Gains from Trade
Hsu, Wen-Tai - 2019
How large are the welfare gains from trade? Would such gains be significantly amplified in the long run when productivity is endogenously enhanced? To address these questions, we focus on the dynamic effect of trade, in particular, how trade affects the incentives for technological advancement....
Persistent link: https://www.econbiz.de/10012480413
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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/10012480618
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Aggregate Implications of Firm Heterogeneity : A Nonparametric Analysis of Monopolistic Competition Trade Models
Adão, Rodrigo - 2020
We measure the role of firm heterogeneity in counterfactual predictions of monopolistic competition trade models without parametric restrictions on the distribution of firm fundamentals. We show that two bilateral elasticity functions are sufficient to nonparametrically compute the...
Persistent link: https://www.econbiz.de/10012482300
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Trade, Multinational Production, and the Gains from Openness
Ramondo, Natalia - 2009
This paper quantifies the gains from openness arising from trade and multinational production (MP). We present a model that captures key dimensions of the interaction between these two flows: Trade and MP are competing ways to serve a foreign market; MP relies on imports of intermediate goods...
Persistent link: https://www.econbiz.de/10012463045
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Endogenous Variety and the Gains from Trade
Arkolakis, Costas - 2008
We explore the implications of models with increasing returns, endogenous variety and firm-level heterogeneity for the quantification of the gains from trade. We first focus on the impact of trade liberalization on imported variety by analyzing the experience of Costa Rica from 1986 to 1992. We...
Persistent link: https://www.econbiz.de/10012464678
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The Gains from Trade with Monopolistic Competition : Specification, Estimation, and Mis-Specification
Lai, Huiwen - 2002
The difficulty of incorporating general equilibrium price effects into econometric estimating equations has deterred most researchers from econometrically estimating the welfare gains from trade liberalization. Using a paired-down CES monopolistic competition example, we show that this...
Persistent link: https://www.econbiz.de/10012469541