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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
We use a unique panel of retail prices spanning 123 cities in 79 countries from 1990 to 2005, to uncover six novel …
Persistent link: https://www.econbiz.de/10012459851