Academic Journal
The Tip of the Iceberg: Modeling Trade Costs and Implications for Intra-industry Reallocation ∗
| العنوان: | The Tip of the Iceberg: Modeling Trade Costs and Implications for Intra-industry Reallocation ∗ |
|---|---|
| المؤلفون: | Alfonso Irarrazabal, Luca David Opromolla, Acknowledgements We, Costas Arkolakis, Gregory Corcos, Samuel Kortum, Arvid Raknerud, Re Skiba, Karen Helene Ulltveit-moe |
| المساهمون: | The Pennsylvania State University CiteSeerX Archives |
| المصدر: | http://homepages.nyu.edu/%7Eldo202/tc_paper_final.pdf. |
| سنة النشر: | 2010 |
| المجموعة: | CiteSeerX |
| مصطلحات موضوعية: | JEL Classification, F10Keywords, Trade Costs, Heterogeneous Firms, Intra- Industry Reallocation, Exports, Trade Liberalization |
| الوصف: | International economics has overwhelmingly relied on Samuelson’s (1954) assumption that trade costs are proportional to value. We build a general equilibrium heterogeneous firms model of trade that allows for both ad valorem and per-unit costs. Using a novel minimum distance estimator we are able to identify per unit trade costs from the distribution of foreign sales across markets. Estimated average per-unit costs are substantial being, on average, between 35 and 45 percent of the average consumer price. This leads us to reject the pure ad valorem cost assumption. An important theoretical finding is that non-ad valorem trade costs create an additional channel of gains from trade through within-industry reallocation. Thus, we show that standard welfare assessments of trade liberalization may be understated. |
| نوع الوثيقة: | text |
| وصف الملف: | application/pdf |
| اللغة: | English |
| Relation: | http://citeseerx.ist.psu.edu/viewdoc/summary?doi=10.1.1.177.2935; http://homepages.nyu.edu/%7Eldo202/tc_paper_final.pdf |
| الاتاحة: | http://citeseerx.ist.psu.edu/viewdoc/summary?doi=10.1.1.177.2935 http://homepages.nyu.edu/%7Eldo202/tc_paper_final.pdf |
| Rights: | Metadata may be used without restrictions as long as the oai identifier remains attached to it. |
| رقم الانضمام: | edsbas.45D3B206 |
| قاعدة البيانات: | BASE |
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