Publication: Accounting for the new gains from trade liberalization
Accounting for the new gains from trade liberalization
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Hsieh, C.-T., Li, N., Ossa, R., & Yang, M.-J. (2020). Accounting for the new gains from trade liberalization. Journal of International Economics, 127, 103370. https://doi.org/10.1016/j.jinteco.2020.103370
Abstract
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We challenge the conventional wisdom on the variety and productivity gains from trade liberalization which are commonly referred to as “new” gains from trade. In particular, we show that the import variety gains measured in studies such as Broda and Weinstein (2006) are counteracted by exactly analogous domestic variety losses. Similarly, we show that the domestic productivity gains measured in studies such as Trefler (2004) are counteracted by exactly analogous import productivity losses. We then account for all these gains and losse
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- Hsieh, Chang-Tai
- Li, Nicholas
- Yang, Mu-Jeung
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Citations
Hsieh, C.-T., Li, N., Ossa, R., & Yang, M.-J. (2020). Accounting for the new gains from trade liberalization. Journal of International Economics, 127, 103370. https://doi.org/10.1016/j.jinteco.2020.103370
