AEJ: Macro最新论文Measured Aggregate Gains from International Trade

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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.
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[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.
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[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
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Measured Aggregate Gains from International Trade.pdf (292.85 KB)

2015-4-7 13:37:15 上传

Measured Aggregate Gains from International Trade_Appendix.pdf (212.3 KB)

2015-4-7 13:37:27 上传

Measured Aggregate Gains from International Trade_Slides.pdf (254.55 KB)

2015-4-7 13:37:32 上传

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关键词：Internation Aggregate MEASURED National Measure 论文

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