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of the largest 50 economies in the world, a reduction in entry costs all the way to the U.S. level leads to an average …
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Quantitative results from a large class of international trade models depend critically on the elasticity of trade with respect to trade frictions. We develop a simulated method of moments estimator to estimate this elasticity from disaggregate price and trade-flow data using the Ricardian...
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, despite well-known deficiencies. This paper develops and applies optimal aggregators for the real-world case of multiple …
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