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Factor endowments and production in European regions

Redding, Stephen; Vera-Martin, Mercedes - London School of Economics (LSE) - 2001

This paper analyses patterns of production across 14 industries in 45 regions from 7 European countries since 1975. We estimate a structural equation derived directly from Heckscher- Ohlin theory that relates an industry’s share of a region’s GDP to factor endowments and relative prices....

Persistent link: https://www.econbiz.de/10010745649

Endowments, market potential, and industrial location: evidence from interwar Poland (1918-1939)

Wolf, Nikolaus - London School of Economics (LSE) - 2004

The paper explores the determinants of industry location across interwar Poland. After more than 120 years of political and economic separation, Poland was reunified at the end of 1918. In consequence, its industry faced massive structural changes: the removal of internal tariff barriers and...

Persistent link: https://www.econbiz.de/10010744846

The log of gravity

Santos Silva, Joao; Tenreyro, Silvana - London School of Economics (LSE) - 2005

Although economists have long been aware of Jensen's inequality, many econometric applications have neglected an important implication of it: the standard practice of interpreting the parameters of log-linearized models estimated by ordinary least squares as elasticities can be highly misleading...

Persistent link: https://www.econbiz.de/10010746706

Missing gains from trade?

Melitz, Marc J.; Redding, Stephen - London School of Economics (LSE) - 2014

The theoretical result that there are welfare gains from trade is a central tenet of international economics. In a … class of trade models that satisfy a "gravity equation," the welfare gains from trade can be computed using only the open … economy domestic trade share and the elasticity of trade with respect to variable trade costs. The measured welfare gains from …

Persistent link: https://www.econbiz.de/10011125924

International trade without CES: estimating translog gravity

Novy, Dennis - London School of Economics (LSE) - 2013

This paper derives a micro-founded gravity equation based on a translog demand system that allows for flexible substitution patterns across goods. In contrast to the standard CES-based gravity equation, translog gravity generates an endogenous trade cost elasticity. Trade is more sensitive to...

Persistent link: https://www.econbiz.de/10011126685

Relative wage variation and industry location

Bernard, Andrew B.; Redding, Stephen; Schott, Peter K.; … - London School of Economics (LSE) - 2004

Relative wages vary considerably across regions of the United Kingdom, with skill-abundant regions exhibiting lower skill premia than skill-scarce regions. This paper shows that the location of economic activity is correlated with the variation in relative wages. U.K. regions with low skill...

Persistent link: https://www.econbiz.de/10010928674

Specialization dynamics

Redding, Stephen - London School of Economics (LSE) - 2002

This paper proposes a new empirical framework for analyzing specialization dynamics. A country’s pattern of specialization is viewed as a distribution across sectors, and statistical techniques for analyzing the evolution of this entire distribution are employed. The empirical framework is...

Persistent link: https://www.econbiz.de/10010745757

Estimating the extensive margin of trade

Santos Silva, Joao; Tenreyro, Silvana; Wei, Kehai - London School of Economics (LSE) - 2014

Understanding and quantifying the determinants of the number of sectors or firms exporting in a given country is of relevance for the assessment of trade policies. Estimation of models for the number of exporting sectors, however, poses a challenge because the dependent variable has both a lower...

Persistent link: https://www.econbiz.de/10011125898

External integration, structural transformation and economic development: evidence from Argentina

Fajgelbaum, Pablo; Redding, Stephen - London School of Economics (LSE) - 2014

This paper uses the natural experiment of Argentina’s integration into world markets in the late-nineteenth century to provide evidence on the role of internal geography in shaping the effects of external integration. We develop a quantitative model of the distribution of economic activity...

Persistent link: https://www.econbiz.de/10011126394

Survival of the best fit: exposure to low-wage countries and the (uneven) growth of U.S. manufacturing plants

Bernard, Andrew B.; Bradford Jensen, J.; Schott, Peter K. - London School of Economics (LSE) - 2003

This paper examines the role of international trade in the reallocation of U.S. manufacturing activity within and across industries from 1977 to 1997. It introduces a new measure of industry exposure to international trade, motivated by the Heckscher-Ohlin model, which focuses on where imports...

Persistent link: https://www.econbiz.de/10011071123

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