Anderson, James E. - National Bureau of Economic Research - 2022
respect to supply. For world manufacturing trade 2000-2014, China's gains rose 2%yearly and terms of trade fell 8.3%. US gains … fell 2% yearly and terms of trade rose 5.5%. Counterfactual industrial policy that raises US 2014 world sales share by 1 …-parametric sufficient statistics for arbitrage gains from trade and terms of trade, and a non-parametric elasticity of terms of trade with …