at Google ScholarTitle data
Anderson, James E. ; Larch, Mario ; Yotov, Yoto V.:
GEPPML : General equilibrium analysis with PPML.
In: The World Economy.
Vol. 41
(2018)
Issue 10
.
- pp. 2750-2782.
ISSN 1467-9701
DOI: https://doi.org/10.1111/twec.12664
Abstract in another language
We develop a simple procedure for general equilibrium comparative static analysis of gravity models. Non-linear solvers are replaced by (constrained) regressions using theoretical properties of the Poisson pseudo-maximum-likelihood estimator. Our GEPPML procedure can readily be implemented in any software capable of estimating constrained Poisson models. The procedure accommodates calibrated as well as estimated trade costs while using the estimation power of structural gravity to generate GE comparative statics. Using GEPPML, we quantify the effects of a hypothetical removal of all international borders while preserving the impact of geography on trade. We find that trade liberalisation has reaped at most half the potential world gains from trade in 2002 manufacturing. A complementary counterfactual experiment simulates the removal of the border between Canada and US, thus contributing to the famous “border puzzle” literature in a multicountry setting.
Further data
| Item Type: | Article in a journal |
|---|---|
| Refereed: | Yes |
| Keywords: | asymmetric trade liberalisation; counterfactuals; GEPPML; general equilibrium effects; international borders; structural gravity |
| Institutions of the University: | Faculties 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: | 000 Computer Science, information, general works > 000 Generalities, Science 300 Social sciences > 330 Economics |
| Date Deposited: | 28 Sep 2022 08:45 |
| Last Modified: | 11 Jul 2023 12:50 |
| URI: | https://eref.uni-bayreuth.de/id/eprint/72183 |