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Kompletter Metadatensatz
DublinCore-Feld | Wert | Sprache |
---|---|---|
dc.contributor.author | Novy, Dennis | en |
dc.date.accessioned | 2010-04-26 | - |
dc.date.accessioned | 2010-08-18T11:18:13Z | - |
dc.date.available | 2010-08-18T11:18:13Z | - |
dc.date.issued | 2010 | - |
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 |
dc.language.iso | eng | en |
dc.publisher | |aCenter for Economic Studies and ifo Institute (CESifo) |cMunich | en |
dc.relation.ispartofseries | |aCESifo Working Paper |x3008 | en |
dc.subject.jel | F11 | en |
dc.subject.jel | F12 | en |
dc.subject.jel | F15 | en |
dc.subject.ddc | 330 | en |
dc.subject.keyword | translog | en |
dc.subject.keyword | trade costs | en |
dc.subject.keyword | gravity | en |
dc.subject.keyword | currency union | en |
dc.subject.keyword | monopolistic competition | en |
dc.subject.keyword | trade cost elasticity | en |
dc.subject.keyword | heterogeneity | en |
dc.subject.keyword | zero trade | en |
dc.subject.stw | Außenwirtschaft | en |
dc.subject.stw | Kosten | en |
dc.subject.stw | Gravitationsmodell | en |
dc.subject.stw | Mikroökonomische Fundierung | en |
dc.subject.stw | Monopolistischer Wettbewerb | en |
dc.subject.stw | Allgemeines Gleichgewicht | en |
dc.subject.stw | Währungsunion | en |
dc.subject.stw | Schätzung | en |
dc.subject.stw | OECD-Staaten | en |
dc.title | International trade and monopolistic competition without CES: Estimating translog gravity | - |
dc.type | Working Paper | en |
dc.identifier.ppn | 62464605X | en |
dc.rights | http://www.econstor.eu/dspace/Nutzungsbedingungen | en |
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