Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/330838 
Erscheinungsjahr: 
2025
Quellenangabe: 
[Journal:] Economics Letters [ISSN:] 1873-7374 [Volume:] 254 [Article No.:] 112476 [Publisher:] Elsevier [Place:] Amsterdam [Year:] 2025 [Pages:] 1-5
Verlag: 
Elsevier, Amsterdam
Zusammenfassung: 
A large number of recent papers employ value-added trade data alongside traditional gross measures of trade to estimate the impact of various trade costs on bilateral trade. Value-added gravity equations are typically justified by referencing the theoretical and empirical merits of traditional gravity equations for gross trade. Contradicting this notion, we use theory and simulations to show that value-added gravity equations are misspecified when the gross trade gravity equation is correct. Consequently, estimates from value-added gravity equations are difficult to interpret and prone to omitted variables bias.
Schlagwörter: 
Structural gravity
Trade in value added
JEL: 
F12
F15
Persistent Identifier der Erstveröffentlichung: 
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Dokumentart: 
Article
Dokumentversion: 
Published Version

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