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How Does Quality Impact on Import Prices?
Benkovskis, Konstantins; Wörz, Julia - Oesterreichische Nationalbank - 2011
the set of imported goods and the quality to vary. This variety-, set-of-products-, and quality-adjusted import price … gains from quality. Using HS 07 (vegetables) as our benchmark group of products with unchanged quality, we find significant … gains from quality for Germany, France, Italy and the UK between 1995 and 2010. Although these results are not invariant to …
Persistent link: https://www.econbiz.de/10009422137
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The gains from variety in the European Union
Mohler, Lukas; Seitz, Michael - In: Review of World Economics (Weltwirtschaftliches Archiv) 148 (2012) 3, pp. 475-500
Over the last decade, European Union members have experienced a steady increase in imports. This increase was accompanied by a strong growth in the number of imported goods and trading partners, suggesting positive welfare gains for consumers via an extended set of consumption possibilities, as...
Persistent link: https://www.econbiz.de/10010992922
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Firm Heterogeneity and Aggregate Welfare
Melitz, Marc J.; Redding, Stephen J. - Sciences économiques, Sciences Po - 2013
We examine how firm heterogeneity influences aggregate welfare through endogenous firm selection. We consider a homogeneous firm model that is a special case of a heterogeneous firm model with a degenerate productivity distribution. Keeping all structural parameters besides the productivity...
Persistent link: https://www.econbiz.de/10011003443
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Firm Heterogeneity and Aggregate Welfare
Melitz, Marc J.; Redding, Stephen J. - Department of Economics, Sciences économiques - 2013
We examine how firm heterogeneity influences aggregate welfare through endogenous firm selection. We consider a homogeneous firm model that is a special case of a heterogeneous firm model with a degenerate productivity distribution. Keeping all structural parameters besides the productivity...
Persistent link: https://www.econbiz.de/10011003903
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Goods Trade, Factor Mobility and Welfare
Redding, Stephen J. - Centre for Economic Performance, LSE - 2012
This paper extends a recent class of quantitative models of international trade to incorporate factor mobility within countries. We present a model-based decomposition of the variance of economic activity into the contributions of locational fundamentals, market access and their covariance. We...
Persistent link: https://www.econbiz.de/10010543482
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Firm Heterogeneity and Aggregate Welfare
Melitz, Marc J.; Redding, Stephen J. - Centre for Economic Performance, LSE - 2013
We examine how firm heterogeneity influences aggregate welfare through endogenous firm selection. We consider a homogeneous firm model that is a special case of a heterogeneous firm model with a degenerate productivity distribution. Keeping all structural parameters besides the productivity...
Persistent link: https://www.econbiz.de/10010640478
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Missing Gains from Trade?
Melitz, Marc J.; Redding, Stephen J. - Centre for Economic Performance, 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...
Persistent link: https://www.econbiz.de/10010733691
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The gains from variety in the European Union
Mohler, Lukas; Seitz, Michael - Volkswirtschaftliche Fakultät, … - 2009
In this paper, we apply the methodology developed by Feenstra (1994) and Broda and Weinstein (2006) to estimate the gains from imported variety for the 27 countries of the European Union using Eurostat data from the period of 1999 to 2008. Our results show that newer and smaller member states...
Persistent link: https://www.econbiz.de/10008566433
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Globalization and the gains from variety: size and openness of countries and the extensive margin
Mohler, Lukas - Volkswirtschaftliche Fakultät, … - 2009
With the seminal work of Feenstra (1994) and its application to the United States by Broda and Weinstein (2006) the gains from variety through trade as suggested by Krugman (1979) have become quantifiable. My paper adds to this literature in different respects: On the theoretical side, the...
Persistent link: https://www.econbiz.de/10008566442
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Welfare gains from imported varieties in Spain, 1988-2006
Minondo, Asier; Silvente, Francisco Requena - Instituto Valenciano de Investigaciones Económicas (IVIE) - 2010
This paper investigates the welfare gains due to Spanish imports of new varieties over the period 1988-2006 using the methodology proposed by Feenstra (1994) and Broda and Weinstein (2006). After calculating the elasticities of substitution of a large number of Spanish imported products, we...
Persistent link: https://www.econbiz.de/10008752932