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| 文件名: Measured Aggregate Gains from International Trade.pdf | |
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[size=14.079999923706055px]Burstein, Ariel, and Javier Cravino. 2015. "Measured Aggregate Gains from International Trade."American Economic Journal: Macroeconomics[size=14.079999923706055px], 7(2): 181-218.
[size=14.079999923706055px] [size=14.079999923706055px]We examine the implications of workhorse trade models for how aggregate productivity, real GDP and real consumption, as measured by statistical agencies, respond to changes in trade costs. In a range of models, changes in measured productivity are equal to the inverse of an export-share weighted average of changes in variable trade costs incurred domestically. Under certain conditions, despite the multiple biases in the CPI, measured real consumption captures the first-order effects of changes in variable trade costs on welfare. Through the lens of these results, we interpret some of the empirical work on measured gains from trade. [size=14.079999923706055px] [size=14.079999923706055px]此处先附上Working Paper版本及文章的Appendix、Slides，后期更新正式版本 [size=14.079999923706055px] |
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