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Saturday, July 25, 2020 | History

3 edition of New trade models, same old gains? found in the catalog.

New trade models, same old gains?

Costas Arkolakis

New trade models, same old gains?

by Costas Arkolakis

  • 358 Want to read
  • 23 Currently reading

Published by National Bureau of Economic Research in Cambridge, MA .
Written in English


Edition Notes

StatementCostas Arkolakis, Arnaud Costinot, Andrés Rodríguez-Clare.
SeriesNBER working paper series -- working paper 15628, Working paper series (National Bureau of Economic Research : Online) -- working paper no. 15628.
ContributionsCostinot, Arnaud, 1978-, Rodríguez-Clare, Andrés., National Bureau of Economic Research.
Classifications
LC ClassificationsHB1
The Physical Object
FormatElectronic resource
ID Numbers
Open LibraryOL24071045M
LC Control Number2010655666

New Trade Models, Same Old Gains? Costas Arkolakis (), Arnaud Costinot and Andres Rodriguez-Clare (). American Economic Review, , vol. , issue 1, Abstract: Micro-level data have had a profound influence on research in international trade over the last ten years. In many regards, this research agenda has been very by: New stylized facts have been uncovered and new trade models have been developed to explain these facts. In this paper we investigate to what extent answers to new micro-level questions have affected answers to an old and central question in the field: how large are the welfare gains from trade? A crude summary of our results is: "So far, not much.".

aggregate welfare gains from trade. Therefore, if the di erent models within this class are calibrated to the same domestic trade share and the same trade elasticity, they imply the same welfare gains from trade. Based on this result, ACR summarizes the contribution of new theories of heterogeneousCited by: New Trade Models, Same Old Gains? Costas Arkolakis (), Arnaud Costinot and Andres Rodriguez-Clare (). No , NBER Working Papers from National Bureau of Economic Research, Inc Abstract: Micro-level data have had a profound influence on research in international trade over the last ten years. In many regards, this research agenda has been very by:

New stylized facts have been uncovered and new trade models have been developed to explain these facts. In this paper we investigate to which extent answers to new micro-level questions have affected answers to an old and central question in the field: How large are the welfare gains from trade? New trade models, same old gains By Costas Arkolakis, Arnaud Costinot, Andrés Rodríguez-clare, Gita Gopinath, Gene Grossman, Pete Klenow, Ivana Komunjer, Sam Kortum, Giovanni Maggi, Ellen Mcgrattan, Kim Ruhl, Nancy Stokey, Jim Tybout, Jonathan Vogel, Kei-mu Yi and Ivan Werning.


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New trade models, same old gains? by Costas Arkolakis Download PDF EPUB FB2

NEW tRAd ModELS, SAME oLd GAINS. 95 Armed with estimates of the trade elasticity, which can be obtained from the large gravity literature, equation (1) offers a simple way to evaluate the welfare gains from trade.

Since the share of domestic expenditure under autarky would be equal to one, the total size of the gains from trade, defined as the absolute value of the percent. New Trade Models, Same Old Gains. 3 trade in Eaton and Kortum (). Nevertheless, our results imply that the gains from trade in these two models are the same: as we go from Anderson () to Eaton and Kortum (), the appearance of production gains must be exactly compensated by a decline in consumption gains from by: COVID Resources.

Reliable information about the coronavirus (COVID) is available from the World Health Organization (current situation, international travel).Numerous and frequently-updated resource results are available from this ’s WebJunction has pulled together information and resources to assist library staff as they consider how to handle coronavirus.

New Trade Models, Same Old Gains?1 By Costas Arkolakis, Arnaud Costinot, and Andrés Rodríguez-Clare* Micro-level data have had a profound influence on research in inter- national trade over the last ten years. New Trade Models, Same Old Gains. 5 Anothe r related paper is A tkes on and Burste in (), whic h focuses on the w elfare gains from tra de liberalizatio n through its e¤ ects on en try and.

New Trade Models, Same Old Gains. 4 Section 3 focuses on the case of standard trade models with perfect competition, which will allow us to describe the logic behind our welfare formula in a very intuitive manner.

In a neoclassical environment, a change in trade costs a⁄ects welfare through changes inFile Size: KB. New Trade Models, Same Old Gains.

Costas Arkolakis, Arnaud Costinot, Andrés Rodríguez-Clare. NBER Working Paper No. Issued in December NBER Program(s):Economic Fluctuations and Growth, International Finance and Macroeconomics, International Trade and Investment Micro-level data have had a profound influence on research in international trade over the last ten by: New Trade Models, Same Old Gains.

Costas Arkolakis Yale and NBER Arnaud Costinot MIT and NBER AndrØs Rodríguez-Clare Penn State and NBER September 6, Abstract Micro-level data have had a profound in⁄uence on research in international trade over the last ten years. In many regards, this research agenda has been very successful.

New. Overview of gains from trade in New Trade Models New Trade Models, Same Old Gains Empirics ACRC;New trade models yield the same trade gains as old trade models via a single trade elasticity. Identify two important statistics in measurement of the gains (i) trade elasticity and (ii) share of spending on domestically produced goods.

Addendum to: New Trade Models, Same Old Gains. Costas Arkolakis Yale and NBER Arnaud Costinot MIT and NBER AndrØs Rodríguez-Clare Penn State and NBER September 5, Abstract This addendum provides generalizations of Proposition 1 for the cases of multiple sectors and tradable intermediate goods discussed in Section 5 of our main paper.

New Trade Models, Same Old Gains. by Costas Arkolakis, Arnaud Costinot and Andrés Rodríguez-Clare. Published in volumeissue 1, pages of American Economic Review, FebruaryAbstract: Micro-level data have had a profound influence on research in international trade over the last te.

New Trade Models, Same Old Gains. Costas Arkolakis Yale and NBER Arnaud Costinot MIT and NBER AndrØs Rodríguez-Clare Penn State and NBER Decem Abstract Micro-level data have had a profound in⁄uence on research in international trade over the last ten years.

In many regards, this research agenda has been very successful. New. New Trade Models, Same Old Gains. Costas Arkolakis, Arnaud Costinot, Andrés Rodríguez-Clare. NBER Working Paper No. Issued in December NBER Program(s):Economic Fluctuations and Growth, International Finance and Macroeconomics, International Trade and Investment Micro-level data have had a profound influence on research in international trade over the last ten years.

New Trade Models, Same Old Gains. - CORE Reader. Meet the New Trade War. It’s Not the Same as the Old Trade War. With U.S.-China trade deal goals increasingly out of reach, another round of trade conflict looks s: "New Trade Models, Same Old Gains?," Meeting PapersSociety for Economic Dynamics.

Norihiko Yamano & Nadim Ahmad, " The OECD Input-Output Database: Edition," OECD Science, Technology and Industry Working Papers /8, OECD Publishing. New Trade Models, Same Old Gains. 3 in the ideal price index associated with any small change in trade costs is equal to b where bis the percentage change in the share of expenditure devoted to domestic goods caused by the change in trade costs and "is the true value of the trade elasticity.

Get this from a library. New trade models, same old gains?. [Costas Arkolakis; Arnaud Costinot; Andrés Rodríguez-Clare; National Bureau of Economic Research.] -- "Micro-level data have had a profound influence on research in international trade over the last ten years.

In many regards, this research agenda has been very successful. New stylized facts have. New stylized facts have been uncovered and new trade models have been developed to explain these facts. In this paper we investigate to what extent answers to new micro-level questions have affected answers to an old and central question in the field: how large are the welfare gains from trade.

A crude summary of our results is: “So far, not. "New Trade Models, Same Old Gains?," Meeting PapersSociety for Economic Dynamics. Robert Dekle & Jonathan Eaton & Samuel Kortum, " Global Rebalancing with Gravity: Measuring the Burden of Adjustment," IMF Staff Papers, Palgrave Macmillan, vol.

55(3), pagesJuly. "New Trade Models, Same Old Gains?" (with Costas Arkolakis and Arnaud Costinot), American Economic Review, FebruaryOnline Appendix. "Entrepreneurship and the Extensive Margin in Export Growth: A Microeconomic Accounting of Costa Rica’s Export Growth during " (with Daniel Lederman and Daniel Yi Xu), World Bank Economic Review.Published: Costas Arkolakis & Arnaud Costinot & Andres Rodriguez-Clare, "New Trade Models, Same Old Gains?," American Economic Review, American Economic Association, vol.

(1), pagesFebruary. citation courtesy ofCited by:   3 thoughts on “ Arkolakis, Costinot, and Rodriguez-Clare: “New Trade Models, Same Old Gains?” Agent Continuum 19 January at pm.

The thing that might be a bit misleading they’re looking at a change in trade costs at the margin and they find small gains from it.