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dc.contributor.authorNovy, Dennisen_US
dc.description.abstractBarriers to international trade are known to be large but due to data limitations it is hard to measure them directly for a large number of countries over many years. To address this problem I derive a micro-founded measure of bilateral trade costs that indirectly infers trade frictions from observable trade data. I show that this trade cost measure is consistent with a broad range of leading trade theories including Ricardian and heterogeneous firms models. In an application I show that U.S. trade costs with major trading partners declined on average by about 40 percent between 1970 and 2000, with Mexico and Canada experiencing the biggest reductions.en_US
dc.publisherCenter for Economic Studies and Ifo Institute (CESifo) Munichen_US
dc.relation.ispartofseriesCESifo working paper: Trade Policy 3616en_US
dc.subject.keywordtrade costsen_US
dc.subject.keywordmultilateral resistanceen_US
dc.subject.keywordRicardian tradeen_US
dc.subject.keywordheterogeneous firmsen_US
dc.titleGravity redux: Measuring international trade costs with panel dataen_US
dc.typeWorking Paperen_US
Appears in Collections:CESifo Working Papers, CESifo Group Munich

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