Specialization: Pro- and Anti-globalizing, 1990-2002 / James E. Anderson, Yoto V. Yotov.

Format:

Book

Author/Creator:

Anderson, James E.

Contributor:

National Bureau of Economic Research.

Yotov, Yoto V.

Series:

Working Paper Series (National Bureau of Economic Research) no. w16301.

NBER working paper series no. w16301

Language:

English

Physical Description:

1 online resource: illustrations (black and white);

Other Title:

Specialization

Place of Publication:

Cambridge, Mass. National Bureau of Economic Research 2010.

Summary:

Specialization alters the incidence of manufacturing trade costs to buyers and sellers, with pro-and anti-globalizing effects on 76 countries from 1990-2002. The structural gravity model yields measures of Constructed Home Bias (the ratio of predicted local trade to predicted frictionless local trade) and the Total Factor Productivity effect of changing incidence. A bit more than half the world's countries experience declining CHB and rising TFP. The effects are big for the outliers. A novel test of structural gravity provides striking confirmation, validating both the CHB and TFP measures that rely on it here, and the large gravity literature that relies on it elsewhere.

Notes:

Print version record

August 2010.