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Specialization, Market Access and Real Income

Bartelme, Dominick - 2020

This paper estimates the impact of external demand shocks on real income. Our empirical strategy is based on a first order approximation to a wide class of small open economy models that feature sector-level gravity in trade flows. The framework allows us to measure foreign shocks and...

Persistent link: https://www.econbiz.de/10012482492

Firm-to-Firm Trade : Imports, Exports, and the Labor Market

Eaton, Jonathan; Kortum, Samuel; Kramarz, Francis - National Bureau of Economic Research - 2022

Customs data reveal heterogeneity and granularity of relationships among buyers and sellers. A key insight is how more exports to a destination break down into more firms selling there and more buyers per exporter. We develop a quantitative general equilibrium model of firm-to-firm matching that...

Persistent link: https://www.econbiz.de/10012814460

Dissecting Trade : Firms, Industries, and Export Destinations

Eaton, Jonathan - 2004

We examine entry across 113 national markets in 16 different industries using a comprehensive data set of French manufacturing firms. The data are unique in indicating how much each firm exports to each destination. Looking across all manufacturers: (1) Firms differ substantially in export...

Persistent link: https://www.econbiz.de/10012468349

Undertstanding the Home Market Effect and the Gravity Equation : The Role of Differentiating Goods

Feenstra, Robert C. - 1998

This paper argues that the theoretical foundations for the gravity equation are general, while the empirical performance of the gravity equation is specific to the type of goods examined. Most existing theory for the gravity equation depends on the assumption of differentiated goods. We show...

Persistent link: https://www.econbiz.de/10012472009

Gravity and Comparative Advantage : Estimation of Trade Elasticities for the Agricultural Sector

Heerman, Kari E.R. - 2018

productivity systematically linked to land and climate characteristics. The "systematic heterogeneity" (SH) gravity model predicts …

Persistent link: https://www.econbiz.de/10012452949

Gravity, Productivity and the Pattern of Production and Trade

Anderson, James E. - 2009

The effects of geography and productivity on the global pattern of production are captured here in a specific factors … gravity model. Simple enough for sharp results, the model is yet rich enough to contain the high dimensional productivity … productivity frictions inferred from gravity. Sellers' and buyers' incidence both reduce real income. Sellers' incidence shocks …

Persistent link: https://www.econbiz.de/10012464007

Two-Sided Heterogeneity and Trade

Bernard, Andrew B. - 2014

such as size and productivity. This paper explores the consequences of joint heterogeneity on the supply side (sellers) and …

Persistent link: https://www.econbiz.de/10012458528

Trade Models, Trade Elasticities, and the Gains from Trade

Simonovska, Ina - 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,...

Persistent link: https://www.econbiz.de/10012458172

Quantitative Trade Models : Developments and Challenges

Kehoe, Timothy J. - 2016

Applied general equilibrium (AGE) models, which feature multiple countries, multiple industries, and input-output linkages across industries, have been the dominant tool for evaluating the impact of trade reforms since the 1980s. We review how these models are used to perform policy analysis and...

Persistent link: https://www.econbiz.de/10012455974

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