当前位置: X-MOL 学术Econ. Policy › 论文详情
Our official English website, www.x-mol.net, welcomes your feedback! (Note: you will need to create a separate account there.)
The gains from economic integration*
Economic Policy ( IF 3.844 ) Pub Date : 2019-04-01 , DOI: 10.1093/epolic/eiz004
David Comerford 1, 2 , José V Rodríguez Mora 1, 2
Affiliation  

This paper measures the effect of sharing a national state on the degree of trade integration. We call the causal effect of this political integration the economic integration - this is the additional trade integration gained by entities which come together to form a country rather being independent countries. The existence of very large border effects, even within the European Union, is well known, and is a consequence of this aforementioned economic integration achieved within national states. Nevertheless, these border effects are bound to overestimate the gains from sharing a state. This is because places which share larger affinities are more likely to both trade with each other and to select into sharing a state. This endogeneity therefore means that estimates of the average border effect overstate the reductions in trade frictions achieved by sharing a state. In this paper, we propose an alternative approach. We identify marginal regions (regions which could conceivably be independent countries by themselves) and marginal countries (countries that are the closest trading partner in the data to the country to which that marginal regions belong). We propose that the gap in trade frictions between these marginal regions and marginal countries is a much better estimate to the causal impact of state sharing. Despite controlling for selection bias, we find that the gains from economic integration are still substantial: it is about one third of the total gains from trade.

中文翻译:

经济一体化带来的收益*

本文衡量了分享一个国家对贸易一体化程度的影响。我们称这种政治一体化的因果关系为经济一体化-这是由实体共同组成一个国家而不是独立国家而获得的额外贸易一体化。众所周知,即使在欧洲联盟内部,也存在非常大的边界影响,这是上述民族国家内部实现经济一体化的结果。然而,这些边界效应势必会高估共享一个国家所获得的收益。这是因为具有更大亲和力的地方更可能彼此交易并选择共享一个国家。因此,这种内生性意味着对平均边界效应的估计高估了通过共享一个国家而实现的贸易摩擦的减少。在本文中,我们提出了一种替代方法。我们确定了边缘区域(可以认为它们本身可以是独立国家的区域)和边缘国家(在数据中最接近该边缘区域所属国家的贸易伙伴的国家)。我们认为,这些边缘地区与边缘国家之间的贸易摩擦差距可以更好地估计国家共享的因果关系。尽管控制了选择偏差,但我们发现经济一体化带来的收益仍然很大:约占贸易总收益的三分之一。我们确定了边缘区域(可以认为它们本身可以是独立国家的区域)和边缘国家(在数据中最接近该边缘区域所属国家的贸易伙伴的国家)。我们认为,这些边缘地区与边缘国家之间的贸易摩擦差距可以更好地估计国家共享的因果关系。尽管控制了选择偏差,但我们发现经济一体化带来的收益仍然很大:约占贸易总收益的三分之一。我们确定了边缘区域(可以认为它们本身可以是独立国家的区域)和边缘国家(在数据中最接近该边缘区域所属国家的贸易伙伴的国家)。我们认为,这些边缘地区与边缘国家之间的贸易摩擦差距可以更好地估计国家共享的因果关系。尽管控制了选择偏差,但我们发现经济一体化带来的收益仍然很大:约占贸易总收益的三分之一。我们认为,这些边缘地区与边缘国家之间的贸易摩擦差距可以更好地估计国家共享的因果关系。尽管控制了选择偏差,但我们发现经济一体化带来的收益仍然很大:约占贸易总收益的三分之一。我们认为,这些边缘地区与边缘国家之间的贸易摩擦差距可以更好地估计国家共享的因果关系。尽管控制了选择偏差,但我们发现经济一体化带来的收益仍然很大:约占贸易总收益的三分之一。
更新日期:2019-04-01
down
wechat
bug