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Proper measurement and aggregation of trade costs is of paramount importance for sound academic and policy analysis of the determinants - particularly those of policy - of economic outcomes. The international trade profession has witnessed significant new developments, both on the theoretical...
Persistent link: https://www.econbiz.de/10012419247
We use firm-level data for 15 countries and 13 manufacturing sectors to estimate firm-level productivity parameters and to establish representative country-sector-specific empirical productivity distributions. We use these distributions against the backdrop of multi-sector versions of the models...
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This thesis is a collection of three essays in international trade. The thesis broadly addresses various aspects of trade related policies and their effects on consumer welfare. In the first chapter, I examine how global trade liberalization would affect different consumers and countries in...
Persistent link: https://www.econbiz.de/10009684778
Modern quantitative theories of international trade rely on the probabilistic representation of technology and the assumption of the Law of Large Numbers (LLN), which ensures that when the number of traded goods goes to infinity, trade flows can be expressed via a deterministic gravity equation...
Persistent link: https://www.econbiz.de/10012822695
This paper challenges the common assumption of market segmentation in international trade. To analyze export entry and pricing decisions of firms in integrated vs. segmented markets, we develop a novel tractable approach based on stochastic export costs that allows us to compare firm-level and...
Persistent link: https://www.econbiz.de/10013315233
Modern quantitative theories of international trade rely on the probabilistic representation of technology and the assumption of the Law of Large Numbers (LLN), which ensures that when the number of traded goods goes to infinity, trade flows can be expressed via a deterministic gravity equation...
Persistent link: https://www.econbiz.de/10012287305