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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

New Trade Models, New Welfare Implications

Melitz, Marc J. - 2013

We show that endogenous firm selection provides a new welfare margin for heterogeneous firm models of trade (relative to homogeneous firm models). Under some parameter restrictions, the trade elasticity is constant and is a sufficient statistic for welfare, along with the domestic trade share....

Persistent link: https://www.econbiz.de/10012459742

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

The Dynamics of Comparative Advantage

Hanson, Gordon H. - 2015

extension of our approach to multivariate diffusions, in which one can permit innovations to productivity to be transmitted …

Persistent link: https://www.econbiz.de/10012456918

Export Supply and Import Demand Functions : A Production Theory Approach

Diewert, W. Erwin - 1986

In this paper we theoretically and empirically model import demand and export supply behavior of firms for the U.S. economy from 1967-1982. A producer theoretic approach based on duality theory is used to derive econometric systems of producer supply and demand functions that are consistent with...

Persistent link: https://www.econbiz.de/10012477060

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