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-1949 economy and the industrialization, reform, and market transition that have taken place since, the book examines … the one-child family policy, the rural economy, including agriculture and rural industrialization; industrial and … development. Interest in the Chinese economy will continue to grow as China becomes an increasingly important player on the world …
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Estimates of the elasticity of substitution between domestic and foreign varieties are small in macroeconomic data, but substantially larger in disaggregated microeconomic studies. This may be an artifact of heterogeneity. We use disaggregated multilateral trade data to structurally identify...
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In most macroeconomic models, the substitutability between domestic and foreign goods is calibrated using aggregated data. This imposes homogeneous elasticities across goods, and the calibration is only valid under this assumption. If elasticities are heterogeneous, the aggregate...
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