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the framework of ‘the new quantitative trade model.' We complement theory with a simple two-stage estimating procedure …We propose new methods to identify the full impact of country-specific characteristics on bilateral trade flows within …, and offer a proof of concept by quantifying the impact of country-specific R&D expenditure on trade. Results suggest a …
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We document the large dispersion in hours worked in the cross-section. We account for this fact using a model in which households combine market inputs and time to produce a set of nonmarket activities. To estimate the model, we create a novel data set that pairs market expenditures and time use...
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