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Working Papers, Department of Economics, UC Davis >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/58402
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Full metadata record
| DC Field | | Value | | Language |
| dc.contributor.author | | Simonovska, Ina | | en_US |
| dc.contributor.author | | Waugh, Michael | | en_US |
| dc.date.accessioned | | 2012-06-07 | | en_US |
| dc.date.accessioned | | 2012-06-12T13:34:10Z | | - |
| dc.date.available | | 2012-06-12T13:34:10Z | | - |
| dc.date.issued | | 2011 | | en_US |
| dc.identifier.uri | | http://hdl.handle.net/10419/58402 | | - |
| dc.description.abstract | | Quantitative results from a large class of structural gravity models of international trade depend critically on the elasticity of trade with respect to trade frictions. We develop a new simulated method of moments estimator to estimate this elasticity from disaggregate price and trade-flow data and we use it within Eaton and Kortum's (2002) Ricardian model. We apply our estimator to new disaggregate price and trade-flow data for 123 countries in the year 2004. Our method yields a trade elasticity of roughly four, nearly fifty percent lower than Eaton and Kortum's (2002) approach. Moreover, robustness exercises result in trade elasticity estimates that are both lower and fall within a narrower range relative to the existing literature. This difference doubles the welfare gains from international trade. | | en_US |
| dc.language.iso | | eng | | en_US |
| dc.publisher | | Dep. of Economics, Univ. of California Davis, Calif. | | en_US |
| dc.relation.ispartofseries | | Working Papers, University of California, Department of Economics 11,2 | | en_US |
| dc.subject.jel | | F10 | | en_US |
| dc.subject.jel | | F11 | | en_US |
| dc.subject.jel | | F14 | | en_US |
| dc.subject.jel | | F17 | | en_US |
| dc.subject.ddc | | 330 | | en_US |
| dc.subject.keyword | | elasticity of trade | | en_US |
| dc.subject.keyword | | bilateral | | en_US |
| dc.subject.keyword | | gravity | | en_US |
| dc.subject.keyword | | price dispersion | | en_US |
| dc.subject.keyword | | indirect inference | | en_US |
| dc.title | | The elasticity of trade: Estimates and evidence | | en_US |
| dc.type | | Working Paper | | en_US |
| dc.identifier.ppn | | 71727988X | | en_US |
| dc.rights | | http://www.econstor.eu/dspace/Nutzungsbedingungen | | en_US |
| Appears in Collections: | | Working Papers, Department of Economics, UC Davis
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