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We present an empirical implementation of a general-equilibrium model of international trade with heterogeneous manufacturing firms. The theory underlying our model is consistent with Melitz (2003). A nonlinear structural estimation procedure identifies a set of core parameters and unobserved...
Persistent link: https://www.econbiz.de/10011753153
Many contemporary theoretic studies of trade over geography reduce to an ex- amination of constant-elasticity reactions to changes in iceberg trade costs. These impacts are readily analyzed in simple constant-returns models based on the Arm- ington (1969) assumption of regionally differentiated...
Persistent link: https://www.econbiz.de/10011753183
We present an empirical implementation of a general-equilibrium model of international trade with heterogeneous manufacturing firms. The theory underlying our model is consistent with Melitz (2003) and Bernard et al. (2004). A nonlinear structural estimation procedure identifies a set of core...
Persistent link: https://www.econbiz.de/10005650451
We present an empirical implementation of a general-equilibrium model of international trade with heterogeneous manufacturing firms. The theory underlying our model is consistent with Melitz (2003). A nonlinear structural estimation procedure identifies a set of core parameters and unobserved...
Persistent link: https://www.econbiz.de/10005574892
We present an empirical implementation of a general-equilibrium model of international trade with heterogeneous manufacturing firms. The theory underlying our model is consistent with Melitz (2003). A nonlinear structural estimation procedure identifies a set of core parameters and unobserved...
Persistent link: https://www.econbiz.de/10005800870
Many contemporary theoretic studies of trade over geography reduce to an ex- amination of constant-elasticity reactions to changes in iceberg trade costs. These impacts are readily analyzed in simple constant-returns models based on the Arm- ington (1969) assumption of regionally differentiated...
Persistent link: https://www.econbiz.de/10008581253
Recent analysis across several trade theories suggests that, given appropriate calibration, trade and welfare are insensitive to the particular industrial organization. We show that industrial organization does matter, once we consider a second sector that competes for factor services.
Persistent link: https://www.econbiz.de/10008866858
Persistent link: https://www.econbiz.de/10008712435
Persistent link: https://www.econbiz.de/10008849222
Many contemporary theoretic studies of trade over geography reduce to an examination of constant-elasticity reactions to changes in iceberg trade costs. These impacts are readily analyzed in simple constant-returns models based on the Armington (1969) assumption of regionally differentiated...
Persistent link: https://www.econbiz.de/10014203635