Semantic Scholar Open Access 2014 175 sitasi

Universal Gravity

Treb Allen Costas Arkolakis Yuta Takahashi

Lihat Sumber DOI

Abstrak

We study the theoretical properties and counterfactual predictions of a large class of general equilibrium trade and economic geography models. By combining aggregate factor supply and demand functions with market-clearing conditions, we prove that existence, uniqueness, and—given observed trade flows—the counterfactual predictions of any model within this class depend only on the demand and supply elasticities (“gravity constants”). Using a new “model-implied” instrumental variables approach, we estimate these gravity constants and use these estimates to compute the impact of a trade war between the United States and China.

Penulis (3)

Treb Allen

Costas Arkolakis

Yuta Takahashi

Format Sitasi

APA MLA BibTeX

Allen, T., Arkolakis, C., Takahashi, Y. (2014). Universal Gravity. https://doi.org/10.1086/704385

Akses Cepat

Lihat di Sumber doi.org/10.1086/704385

Informasi Jurnal

Tahun Terbit: 2014
Bahasa: en
Total Sitasi: 175×
Sumber Database: Semantic Scholar
DOI: 10.1086/704385
Akses: Open Access ✓