Universal Gravity.
We study the theoretical properties and counterfactual predictions of a large class of general equilibrium trade and economic geography models. By combining aggregate factor supply and demand functions with market-clearing conditions, we prove that existence, uniqueness, and—given observed trade flo...
| Publicado en: | Journal of Political Economy Vol. 128; no. 2; pp. 393 - 434 |
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| Autores principales: | , , |
| Formato: | Artículo |
| Publicado: |
University of Chicago Press
Feb2020
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| Materias: | |
| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=ssf&AN=141546117&site=ehost-live header: @attributes: shortDbName: ssf uiTerm: 141546117 longDbName: Social Sciences Full Text (H.W. Wilson) uiTag: AN controlInfo: bkinfo: jinfo: jid: 00223808 JPE jtl: Journal of Political Economy issn: 00223808 maglogo: N pubinfo: dt: Feb2020 vid: 128 iid: 2 pid: 415 pub: University of Chicago Press artinfo: ui: 141546117 10.1086/704385 ppf: 393 ppct: 41 formats: tig: atl: Universal Gravity. aug: au: Allen, Treb Arkolakis, Costas Takahashi, Yuta affil: Dartmouth College and National Bureau of Economic Research Yale University and National Bureau of Economic Research Hitotsubashi University su: China Economic models Supply & demand Relief models Gravity Demand function sug: subj: Economic models Supply & demand China Relief models Gravity Demand function ab: We study the theoretical properties and counterfactual predictions of a large class of general equilibrium trade and economic geography models. By combining aggregate factor supply and demand functions with market-clearing conditions, we prove that existence, uniqueness, and—given observed trade flows—the counterfactual predictions of any model within this class depend only on the demand and supply elasticities ("gravity constants"). Using a new "model-implied" instrumental variables approach, we estimate these gravity constants and use these estimates to compute the impact of a trade war between the United States and China. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: N holdings: @attributes: islocal: N |
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