Navigation auf zora.uzh.ch
Ossa, Ralph (2015). Why trade matters after all. Journal of International Economics, 97(2):266-277.
I show that accounting for cross-industry variation in trade elasticities greatly magnifies the estimated gains from trade. The main idea is as simple as it is general: while imports in the average industry do not matter too much, imports in some industries are critical to the functioning of the economy, so that a complete shutdown of international trade is very costly overall.
| Item Type: | Journal Article, refereed, original work |
|---|---|
| Communities & Collections: | 03 Faculty of Economics > Department of Economics |
| Dewey Decimal Classification: | 330 Economics |
| Scopus Subject Areas: | Social Sciences & Humanities > Finance
Social Sciences & Humanities > Economics and Econometrics |
| Uncontrolled Keywords: | Gains from trade, multi-industry model, trade elasticity |
| Scope: | Discipline-based scholarship (basic research) |
| Language: | English |
| Date: | November 2015 |
| Deposited On: | 08 Mar 2017 15:59 |
| Last Modified: | 15 Apr 2025 01:41 |
| Publisher: | Elsevier |
| ISSN: | 0022-1996 |
| OA Status: | Green |
| Publisher DOI: | https://doi.org/10.1016/j.jinteco.2015.07.002 |
| Other Identification Number: | merlin-id:14662 |
Ossa, Ralph