Arbeitspapier
Short Run Gravity
Short run gravity is a geometric weighted average of long run gravity and bilateral capacity. The model features (i) joint trade costs endogenous to bilateral volumes, (ii) long run gravity as a limiting case of effcient investment in bilateral capacities, (iii) a structural ratio of short run to long run trade elasticities equal to a microfounded buyers’ incidence elasticity, and (iv) tractable short and long run models of the extensive margin. Application to manufacturing trade of 52 countries during the globalization period 1988-2006 strongly supports the model. Results solve several time invariance and trade elasticity puzzles in the literature.
- Sprache
-
Englisch
- Erschienen in
-
Series: CESifo Working Paper ; No. 6502
- Klassifikation
-
Wirtschaft
Trade Policy; International Trade Organizations
Empirical Studies of Trade
Trade and Labor Market Interactions
- Thema
-
trade elasticity puzzles
export dynamics
missing globalization
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Anderson, James E.
Yotov, Yoto V.
- Ereignis
-
Veröffentlichung
- (wer)
-
Center for Economic Studies and ifo Institute (CESifo)
- (wo)
-
Munich
- (wann)
-
2017
- Handle
- Letzte Aktualisierung
-
20.09.2024, 08:21 MESZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Anderson, James E.
- Yotov, Yoto V.
- Center for Economic Studies and ifo Institute (CESifo)
Entstanden
- 2017
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