Showing 1 - 10 of 35
This study uses cross-county variation in support for 46 ballot measures to identify political subcultures in South Dakota and to study them. A hierarchical clustering method applied to county-level election returns allows the identification of subcultures at various levels of granularity. We...
Persistent link: https://www.econbiz.de/10010903429
We note that calibration parameters in a multi-country Armington trade model play a role similar to that of econometric residuals: they allow the model to fit the data exactly. We use this premise to evaluate the "fit" of a standard multi-country computable general-equilibrium model. We find...
Persistent link: https://www.econbiz.de/10005217893
We present an empirical implementation of a general-equilibrium model of international trade with heterogeneous manufacturing firms. The theory underlying our model is consistent with Melitz (2003). A nonlinear structural estimation procedure identifies a set of core parameters and unobserved...
Persistent link: https://www.econbiz.de/10005800870
Total U.S. trade with NAFTA partners has increased 78 percent in real terms since 1993U.S.-Mexico trade alone is up 141 percentcompared to a 43 percent increase in U.S. trade with the rest of the world. In this article we compare the nature of U.S. trade growth with Canada and Mexico to growth...
Persistent link: https://www.econbiz.de/10004989070
"Dawkins, Srinivasan, and Whalley ("Calibration,""Handbook of Econometrics, "2001) propose that estimation is calibration. We illustrate their point by examining a leading econometric application in the study of international and interregional trade by Anderson and van Wincoop ("Gravity with...
Persistent link: https://www.econbiz.de/10005686293
Persistent link: https://www.econbiz.de/10005531440
We present an empirical implementation of a general-equilibrium model of international trade with heterogeneous manufacturing firms. The theory underlying our model is consistent with Melitz (2003). A nonlinear structural estimation procedure identifies a set of core parameters and unobserved...
Persistent link: https://www.econbiz.de/10005574892
Borders affect the composition, not only the level, of interregional trade. In disaggregated U.S. Commodity Flow data, border effects vary substantially across commodities. Substantial border-induced compositional change suggests the possibility that standard estimates suffer from aggregation...
Persistent link: https://www.econbiz.de/10005608821
We present an empirical implementation of a general-equilibrium model of international trade with heterogeneous manufacturing firms. The theory underlying our model is consistent with Melitz (2003) and Bernard et al. (2004). A nonlinear structural estimation procedure identifies a set of core...
Persistent link: https://www.econbiz.de/10005650451
Many contemporary theoretic studies of trade over geography reduce to an ex- amination of constant-elasticity reactions to changes in iceberg trade costs. These impacts are readily analyzed in simple constant-returns models based on the Arm- ington (1969) assumption of regionally differentiated...
Persistent link: https://www.econbiz.de/10008581253