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Transitional Growth and Trade with Frictions : A Structural Estimation Framework

Title data

Anderson, James E. ; Larch, Mario ; Yotov, Yoto V.:
Transitional Growth and Trade with Frictions : A Structural Estimation Framework.
In: The Economic Journal. Vol. 130 (2020) Issue 630 . - pp. 1583-1607.
ISSN 1468-0297
DOI: https://doi.org/10.1093/ej/ueaa020

Abstract in another language

We build and estimate a structural model of transitional growth and trade in a many-country world. The gravity model of trade is combined with a capital accumulation mechanism driving transition between steady states. Trade affects growth through changes in consumer and producer prices. Simultaneously, capital accumulation affects trade directly through changes in country size and indirectly through changes in the incidence of trade costs. Theory maps to an econometric system that identifies the parameters of the model and establishes causal links between trade, capital accumulation and income. Counterfactual trade liberalisation magnifies static gains by a dynamic path multiplier of 1.8.

Further data

Item Type: Article in a journal
Refereed: Yes
Keywords: Trade; Growth; Income; Trade Liberalization; Capital Accumulation
Subject classification: JEL: F10, F43, O40
Institutions of the University: Faculties > Faculty of Law, Business and Economics
Faculties > Faculty of Law, Business and Economics > Department of Economics
Faculties > Faculty of Law, Business and Economics > Department of Economics > Chair Economics VI: Empirical Economic Research
Faculties > Faculty of Law, Business and Economics > Department of Economics > Chair Economics VI: Empirical Economic Research > Chair Economics VI: Empirical Economic Research - Univ.-Prof. Dr. Mario Larch
Result of work at the UBT: Yes
DDC Subjects: 300 Social sciences > 330 Economics
Date Deposited: 02 Jun 2022 06:38
Last Modified: 02 Jun 2022 06:38
URI: https://eref.uni-bayreuth.de/id/eprint/69896