Simonovska, Ina; Waugh, Michael E. - 2011
-flow data for 123 countries in the year 2004 yields a trade elasticity of roughly four, nearly fifty percent lower than Eaton … trade-flow data for 123 countries in the year 2004 yields a trade elasticity of roughly four, nearly fifty percent lower …Quantitative results from a large class of international trade models depend critically on the elasticity of trade with …