当前位置: X-MOL 学术East Asian Economic Review › 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.)
Dissecting Gains from Trade: Changes in Welfare Cost of Autarky*
East Asian Economic Review Pub Date : 2018-09-30 , DOI: 10.11644/kiep.eaer.2018.22.3.345
Paras Kharel

Amid a general rise in protectionism and a trade war between the world's two largest economies, this paper analyzes changes in gains from trade for the world over a decade marked by rapid global economic integration preceding the global financial crisis of 2007-08. It employs state-of-the-art quantitative trade models based on the gravity equation to estimate autarky gains from trade, as well as a recently introduced ANOVA-type structural estimation of the gravity equation to obtain trade costs free of residual trade cost bias. Between 1995 and 2006, the cost of moving to autarky increased by about 45% on average. A decomposition exercise suggests most of the increase in autarky gains from trade on average was due to increases in import shares in total spending, with a limited role for reallocations of spending across sectors with varied trade elasticities. Changes in trade costs between 1995 and 2006 are found to have increased autarky gains from trade, as measured in 2006, by up to 100%.

中文翻译:

剖析贸易收益:Autarky福利成本的变化*

在贸易保护主义普遍上升和世界上两个最大经济体之间的贸易战中,本文分析了在2007-08年全球金融危机之前,全球经济迅速一体化所标志的十年来世界贸易收益的变化。它采用基于引力方程式的最新定量贸易模型来估计自给自足的贸易收益,以及最近引入的ANOVA型引力方程式结构估计来获得无剩余贸易成本偏差的贸易成本。在1995年到2006年之间,迁移到自给自足的费用平均增加了约45%。一项分解演算表明,平均而言,自给自足贸易的自给自足收益的增加大部分是由于总支出中进口份额的增加,在具有不同贸易弹性的部门之间重新分配支出的作用有限。发现从1995年到2006年,贸易成本的变化使自给自足的贸易收益增加了,按2006年的衡量,上升了100%。
更新日期:2018-09-30
down
wechat
bug