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Comparative Advantage and Optimal Trade Policy
Werning, Iván; Costinot, Arnaud; Donaldson, Dave; … - National Bureau of Economic Research (NBER) - 2013
The theory of comparative advantage is at the core of neoclassical trade theory. Yet we know little about its implications for how nations should conduct their trade policy. For example, should import sectors with weaker comparative advantage be protected more? Conversely, should export sectors...
Persistent link: https://www.econbiz.de/10010796743
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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
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The Elasticity of Trade: Estimates and Evidence
Simonovska, Ina; Waugh, Michael E. - National Bureau of Economic Research (NBER) - 2011
Quantitative results from a large class of structural gravity models of international trade depend critically on the …
Persistent link: https://www.econbiz.de/10008854388
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Trade Models, Trade Elasticities, and the Gains from Trade
Simonovska, Ina; Waugh, Michael E. - National Bureau of Economic Research (NBER) - 2014
We argue that the welfare gains from trade in new models with micro-level margins exceed those in frameworks without … these margins. Theoretically, we show that for fixed trade elasticity, different models predict identical trade flows, but … different patterns of micro-level price variation. Thus, given data on trade flows and micro-level prices, different models have …
Persistent link: https://www.econbiz.de/10010951002
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Missing Gains from Trade?
Melitz, Marc J.; Redding, Stephen James - National Bureau of Economic Research (NBER) - 2014
class of trade models that satisfy a "gravity equation," the welfare gains from trade can be computed using only the open …
Persistent link: https://www.econbiz.de/10010821967
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Matching and Inequality in the World Economy
Costinot, Arnaud; Vogel, Jonathan - National Bureau of Economic Research (NBER) - 2009
This paper develops tools and techniques to study the impact of exogenous changes in factor supply and factor demand on factor allocation and factor prices in economies with a large number of goods and factors. The main results of our paper characterize sufficient conditions for robust monotone...
Persistent link: https://www.econbiz.de/10005004692
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What Goods Do Countries Trade? A Quantitative Exploration of Ricardo's Ideas
Costinot, Arnaud; Donaldson, Dave; Komunjer, Ivana - National Bureau of Economic Research (NBER) - 2010
The Ricardian model predicts that countries should produce and export relatively more in industries in which they are relatively more productive. Though one of the most celebrated insights in the theory of international trade, this prediction has received virtually no attention in the empirical...
Persistent link: https://www.econbiz.de/10008532146
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Labor Versus Capital in Trade-Policy Determination: The Role of General-Interest and Special-Interest Politics
Dutt, Pushan; Mitra, Devashish - National Bureau of Economic Research (NBER) - 2003
umbrella model (that combines both the general-interest as well as special-interest models) over each of the individual models. …
Persistent link: https://www.econbiz.de/10005580102
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Political Ideology and Endogenous Trade Policy: An Empirical Investigation
Dutt, Pushan; Mitra, Devashish - National Bureau of Economic Research (NBER) - 2002
In this paper, we empirically investigate how government ideology affects trade policy. The prediction of a partisan, ideology-based model (within a two-sector, two-factor Heckscher-Ohlin framework) is that left-wing governments will adopt more protectionist trade policies in capital rich...
Persistent link: https://www.econbiz.de/10005710577
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An Elementary Theory of Comparative Advantage
Costinot, Arnaud - National Bureau of Economic Research (NBER) - 2009
factor supply to predict patterns of international specialization in a multi-factor generalization of the Ricardian model to … insights about the joint effects of technology and factor endowments on international specialization. …
Persistent link: https://www.econbiz.de/10005720260