New Trade Models, Same Old Gains? / Costas Arkolakis, Arnaud Costinot, Andrés Rodríguez-Clare.

Format:

Book

Author/Creator:

Arkolakis, Costas.

Contributor:

National Bureau of Economic Research.

Costinot, Arnaud.

Rodríguez-Clare, Andrés.

Series:

Working Paper Series (National Bureau of Economic Research) no. w15628.

NBER working paper series no. w15628

Language:

English

Physical Description:

1 online resource: illustrations (black and white);

Place of Publication:

Cambridge, Mass. National Bureau of Economic Research 2009.

Summary:

Micro-level data have had a profound influence on research in international trade over the last ten years. In many regards, this research agenda has been very successful. New stylized facts have been uncovered and new trade models have been developed to explain these facts. In this paper we investigate to which extent answers to new micro-level questions have affected answers to an old and central question in the field: How large are the gains from trade? A crude summary of our results is: "So far, not much."

Notes:

Print version record

December 2009.