New Trade Models, Same Old Gains?
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 been uncovered and new trade models have been developed to explain these facts. In this paper we investiga...
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| Veröffentlicht in: | The American economic review 2012-02, Vol.102 (1), p.94-130 |
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| creator | Arkolakis, Costas Costinot, Arnaud Rodríguez-clare, Andrés |
| description | 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 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." |
| doi_str_mv | 10.1257/aer.102.1.94 |
| format | Article |
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| ispartof | The American economic review, 2012-02, Vol.102 (1), p.94-130 |
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| language | eng |
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| source | Business Source Complete; JSTOR Archive Collection A-Z Listing; American Economic Association Web |
| subjects | Costs Economic development Economic models Economic theory Elasticity Empirical research Expenditures Exports Gains from trade Imports International trade Modeling Monopolistic competition Perfect competition Real income Restrictions Studies Trade Trade gains Trade models Trade restrictions Variable costs Welfare |
| title | New Trade Models, Same Old Gains? |
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