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Feenstra (1994) developed, and Broda and Weinstein (2006) refined, a structural estimator to estimate import demand and supply elasticities. Working through the first principles of the methodology from Leamer (1981), this paper analyzes and improves the technique to provide a unified estimator...
Persistent link: https://www.econbiz.de/10013081248
Recent studies have used import data to assess the impact of foreign varieties on prices and welfare for a home country. The reliance on import data has a number of limitations. First, these papers rely on goods categories defined by the Harmonized System. Second, they define varieties using the...
Persistent link: https://www.econbiz.de/10012463693
Recent studies have used import data to assess the impact of foreign varieties on prices and welfare for a home country. The reliance on import data has a number of limitations. First, these papers rely on goods categories defined by the Harmonized System. Second, they define varieties using the...
Persistent link: https://www.econbiz.de/10013228054