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Different Trade Models, Different Trade Elasticities? [PDF]

, 2012
How has the development of new trade models changed our understanding of the welfare gains from trade? Answering this question depends solely on estimates of the trade elasticity obtained using techniques applicable across different models. In this paper we build on the methods of Simonovska and Waugh (2011) and we develop a common estimator for the ...
Michael Waugh, Ina Simonovska
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Hong Kong's Trade Patterns and Trade Elasticities [PDF]

, 2006
A salient feature of Hong Kong's external trade is its intermediation role. As the entrepot for Mainland China, Hong Kong helps channel raw materials and semi-manufacturing products from the rest of the world to the Mainland for further processing and then helps re-export the processed goods and final products to the rest of the world.
Li-gang Liu, Kelvin Fan, Jimmy Shek
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Heterogeneous trade elasticity and managerial skills

Journal of International Economics
This paper investigates the role of firms' managerial skills in the heterogeneous reaction of exporters to common exogenous changes in their international competitiveness (here captured by changes in the real exchange rate). Relying on a simple theoretical framework, we show that firms with better managerial skills have higher profits, market power and
Bas, Maria, Fontagné, Lionel, Iodice, Irene, Orefice, Gianluca   +3 more
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Trade creation, trade diversion and elastic labor supply

Mathematical Social Sciences, 1988
Abstract Welfare effects of a customs union are examined in a two-sector model of a small open economy with elastic labor supply. It is shown that with positive labor supply elasticity and noncomplementarity of leisure and capital intensive good, the conventional results in customs union theory will (will not) hold if the production effect of ...
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Elasticities for Asian Trade

2002
That Asia’s share of world trade has expanded from insignificance to dominance is clear from figure 4.1. What is less clear is what role income and relative prices may have played in this remarkable expansion. Specifically, are income and price elasticities equally important across Asian countries, across exports and imports?
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TradeModels and Trade Elasticities [PDF]

, 2014
This paper shows that new trade models with different micro-level margins--estimated to fit the same moments in the data--imply lower trade elasticities and, hence, larger welfare gains from trade relative to models without these margins. The key feature of the estimation approach is to focus on common moments where new micro-level margins, such as an ...
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Trade elasticities in transition countries

International Economics and Economic Policy, 2014
Trade elasticities play a crucial role in translating economic analysis of external adjustment issues into macroeconomic policy. Trade demand elasticities allow policy makers to draw important conclusions about exchange rate misalignments or trade balance changes. This paper endeavors to bring transition countries, namely those from Central and Eastern
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Innovation and the trade elasticity

Journal of Monetary Economics, 2014
Abstract The reaction of trade volumes to tariffs is far larger than what current models predict. One reason for this is that they abstract from endogenous productivity choices (“innovation”), which amplify this reaction. To show this, I develop a model of international trade with innovation, and calibrate it to Canada and United States before the ...
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Cancer risk among World Trade Center rescue and recovery workers: A review

Ca-A Cancer Journal for Clinicians, 2022
Paolo Boffetta, Charles B Hall, Andrew C Todd   +2 more
exaly  

Service Trade Liberalization, Trade Elasticities and Welfare

Applied Economics, 2023
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