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Non-parametric Gravity / James E. Anderson.
- Format:
- Book
- Author/Creator:
- Anderson, James E.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w30807.
- NBER working paper series no. w30807
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2022.
- Summary:
- Non-parametric gravity as defined in this paper encompasses previous parametric forms. The model generates non-parametric sufficient statistics for arbitrage gains from trade and terms of trade, and a non-parametric elasticity of terms of trade with respect to supply. For world manufacturing trade 2000-2014, China's gains rose 2%yearly and terms of trade fell 8.3%. US gains fell 2% yearly and terms of trade rose 5.5%. Counterfactual industrial policy that raises US 2014 world sales share by 1% lowers US gains per unit 0.72%, leaving a surplus of 0.28%. A novel minimum distance estimator generates the CES trade elasticity required.
- Notes:
- Print version record
- December 2022.
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