TRANSITIONAL GROWTH AND TRADE WITH FRICTIONS: A STRUCTURAL ESTIMATION FRAMEWORK

被引：33
作者：
Anderson, James E.
Larch, Mario
Yotov, Yoto, V
机构：
[1] Boston Coll, Chestnut Hill, MA 02167 USA
[2] NBER, Cambridge, MA 02138 USA
[3] Univ Bayreuth, Bayreuth, Germany
[4] CEPII, Paris, France
[5] Ifo, Munich, Germany
[6] CESifo, Munich, Germany
[7] GEP, Nottingham, England
[8] Drexel Univ, Philadelphia, PA 19104 USA
来源：
ECONOMIC JOURNAL | 2020年 / 130卷 / 630期
关键词：
GENERAL EQUILIBRIUM-ANALYSIS; GRAVITY; AGREEMENTS; GEOGRAPHY; DYNAMICS; INCOME; TERMS; GOODS;
D O I：
10.1093/ej/ueaa020
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
We build and estimate a structural model of transitional growth and trade in a many-country world. The gravity model of trade is combined with a capital accumulation mechanism driving transition between steady states. Trade affects growth through changes in consumer and producer prices. Simultaneously, capital accumulation affects trade directly through changes in country size and indirectly through changes in the incidence of trade costs. Theory maps to an econometric system that identifies the parameters of the model and establishes causal links between trade, capital accumulation and income. Counterfactual trade liberalisation magnifies static gains by a dynamic path multiplier of 1.8.
引用
收藏
页码：1583 / 1607
页数：25
相关论文
共 62 条
[11]   Gravity with gravitas: A solution to the border puzzle [J].
Anderson, JE ;
van Wincoop, E .
AMERICAN ECONOMIC REVIEW, 2003, 93 (01) :170-192
[12]   SOME TESTS OF SPECIFICATION FOR PANEL DATA - MONTE-CARLO EVIDENCE AND AN APPLICATION TO EMPLOYMENT EQUATIONS [J].
ARELLANO, M ;
BOND, S .
REVIEW OF ECONOMIC STUDIES, 1991, 58 (02) :277-297
[13]   New Trade Models, Same Old Gains? [J].
Arkolakis, Costas ;
Costinot, Arnaud ;
Rodriguez-Clare, Andres .
AMERICAN ECONOMIC REVIEW, 2012, 102 (01) :94-130
[14]  
BACKUS DK, 1994, AM ECON REV, V84, P84
[15]   Do free trade agreements actually increase members' international trade? [J].
Baier, Scott L. ;
Bergstrand, Jeffrey H. .
JOURNAL OF INTERNATIONAL ECONOMICS, 2007, 71 (01) :72-95
[16]   On the widely differing effects of free trade agreements: Lessons from twenty years of trade integration [J].
Baier, Scott L. ;
Yotov, Yoto V. ;
Zylkin, Thomas .
JOURNAL OF INTERNATIONAL ECONOMICS, 2019, 116 :206-226
[17]  
Baldwin R., 2000, OECD EC DEP WORKING, V264
[18]  
Baldwin Richard E., 2008, International Economics, V61, P507
[19]   Economic integration agreements and the margins of international trade [J].
Baler, Scott L. ;
Bergstrand, Jeffrey H. ;
Feng, Michael .
JOURNAL OF INTERNATIONAL ECONOMICS, 2014, 93 (02) :339-350
[20]   Economic integration agreements, border effects, and distance elasticities in the gravity equation [J].
Bergstrand, Jeffrey H. ;
Larch, Mario ;
Yotov, Yoto V. .
EUROPEAN ECONOMIC REVIEW, 2015, 78 :307-327
1234567