|
EconStor >
ifo Institut – Leibniz-Institut für Wirtschaftsforschung an der Universität München >
CESifo Working Papers, CESifo Group Munich >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/38920
|
| | |
Full metadata record
| DC Field | | Value | | Language |
| dc.contributor.author | | Novy, Dennis | | en_US |
| dc.date.accessioned | | 2010-04-26 | | en_US |
| dc.date.accessioned | | 2010-08-18T11:18:13Z | | - |
| dc.date.available | | 2010-08-18T11:18:13Z | | - |
| dc.date.issued | | 2010 | | en_US |
| dc.identifier.uri | | http://hdl.handle.net/10419/38920 | | - |
| dc.description.abstract | | This paper derives a micro-founded gravity equation in general equilibrium based on a translog demand system that allows for endogenous markups and rich substitution patterns across goods. In contrast to standard CES-based gravity equations, trade is more sensitive to trade costs if the exporting country only provides a small share of the destination country's imports. As a result, trade costs have a heterogeneous impact across country pairs, with some trade flows predicted to be zero. I test the translog gravity equation and find strong empirical support in its favor. In an application to the currency union effect, I find that a currency union is only associated with substantially higher bilateral trade if the exporting country provides a small share of the destination country's imports. For other pairs, the currency union effect is modest or indistinguishable from zero. | | en_US |
| dc.language.iso | | eng | | en_US |
| dc.publisher | | CESifo München | | en_US |
| dc.relation.ispartofseries | | CESifo working paper Trade Policy 3008 | | en_US |
| dc.subject.jel | | F11 | | en_US |
| dc.subject.jel | | F12 | | en_US |
| dc.subject.jel | | F15 | | en_US |
| dc.subject.ddc | | 330 | | en_US |
| dc.subject.keyword | | translog | | en_US |
| dc.subject.keyword | | trade costs | | en_US |
| dc.subject.keyword | | gravity | | en_US |
| dc.subject.keyword | | currency union | | en_US |
| dc.subject.keyword | | monopolistic competition | | en_US |
| dc.subject.keyword | | trade cost elasticity | | en_US |
| dc.subject.keyword | | heterogeneity | | en_US |
| dc.subject.keyword | | zero trade | | en_US |
| dc.subject.stw | | Außenwirtschaft | | en_US |
| dc.subject.stw | | Kosten | | en_US |
| dc.subject.stw | | Gravitationsmodell | | en_US |
| dc.subject.stw | | Mikroökonomische Fundierung | | en_US |
| dc.subject.stw | | Monopolistischer Wettbewerb | | en_US |
| dc.subject.stw | | Allgemeines Gleichgewicht | | en_US |
| dc.subject.stw | | Währungsunion | | en_US |
| dc.subject.stw | | Schätzung | | en_US |
| dc.subject.stw | | OECD-Staaten | | en_US |
| dc.title | | International trade and monopolistic competition without CES: Estimating translog gravity | | en_US |
| dc.type | | Working Paper | | en_US |
| dc.identifier.ppn | | 62464605X | | en_US |
| dc.rights | | http://www.econstor.eu/dspace/Nutzungsbedingungen | | - |
| Appears in Collections: | | CESifo Working Papers, CESifo Group Munich
|
Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.
|