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This article describes methods used in the field of spatial economics that combine insights from economic theory and evidence from data in order to answer counter- factual questions. I outline a general framework that emphasizes three elements: a specific question to be answered, a set of...
Persistent link: https://www.econbiz.de/10013334493
"The Ricardian model predicts that countries should produce and export relatively more in industries in which they are relatively more productive. Though one of the most celebrated insights in the theory of international trade, this prediction has received virtually no attention in the empirical...
Persistent link: https://www.econbiz.de/10008647569
Persistent link: https://www.econbiz.de/10011326244
Persistent link: https://www.econbiz.de/10009614013
We develop a methodology to construct nonparametric counterfactual predictions, free of functional-form restrictions on preferences and technology, in neoclassical models of international trade. First, we establish the equivalence between such models and reduced exchange models in which...
Persistent link: https://www.econbiz.de/10013018716
The Ricardian model predicts that countries should produce and export relatively more in industries in which they are relatively more productive. Though one of the most celebrated insights in the theory of international trade, this prediction has received virtually no attention in the empirical...
Persistent link: https://www.econbiz.de/10013224408
The Ricardian model predicts that countries should produce and export relatively more in industries in which they are relatively more productive. Though one of the most celebrated insights in the theory of international trade, this prediction has received virtually no attention in the empirical...
Persistent link: https://www.econbiz.de/10012462394
Persistent link: https://www.econbiz.de/10011644256
Persistent link: https://www.econbiz.de/10011865522
We develop a methodology to construct nonparametric counterfactual predictions, free of functional-form restrictions on preferences and technology, in neoclassical models of international trade. First, we establish the equivalence between such models and reduced exchange models in which...
Persistent link: https://www.econbiz.de/10012457267