Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/102652
Authors: 
Ottaviano, Gianmarco I. P.
Year of Publication: 
2014
Series/Report no.: 
CFS Working Paper Series 470
Abstract: 
This chapter discusses whether and how 'new quantitative trade models' (NQTMs) can be fruitfully applied to quantify the welfare effects of trade liberalization, thus shedding light on the trade-related effects of further European integration. On the one hand, it argues that NQTMs have indeed the potential of being used to supplement traditional 'computable general equilibrium' (CGE) analysis thanks to their tight connection between theory and data, appealing micro-theoretical foundations, and enhanced attention to the estimation of structural parameters. On the other hand, further work is still needed in order to fully exploit such potential.
Subjects: 
Gains from trade
European integration
Quantitative trade models
Gravity equations
Structural estimation
JEL: 
F10
F15
F17
Document Type: 
Working Paper

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