European integration and the gains from trade
- This chapter discusses whether and how 'new quantitative trade models' (NQTMs) can be fruitfully applied to quantify the welfare effects of trade liberalization, thus shedding light on the trade-related effects of further European integration. On the one hand, it argues that NQTMs have indeed the potential of being used to supplement traditional 'computable general equilibrium' (CGE) analysis thanks to their tight connection between theory and data, appealing micro-theoretical foundations, and enhanced attention to the estimation of structural parameters. On the other hand, further work is still needed in order to fully exploit such potential.
| Author: | Gianmarco I. P. OttavianoORCiDGND |
|---|---|
| URN: | urn:nbn:de:hebis:30:3-350902 |
| URL: | http://ssrn.com/abstract=2505957 |
| Parent Title (English): | Center for Financial Studies (Frankfurt am Main): CFS working paper series ; No. 470 |
| Series (Serial Number): | CFS working paper series (470) |
| Publisher: | Center for Financial Studies |
| Place of publication: | Frankfurt, M. |
| Document Type: | Working Paper |
| Language: | English |
| Year of Completion: | 2014 |
| Year of first Publication: | 2014 |
| Publishing Institution: | Universitätsbibliothek Johann Christian Senckenberg |
| Release Date: | 2014/10/20 |
| Tag: | European integration; Gains from trade; Gravity equations; Quantitative trade models; Structural estimation |
| Issue: | September 2014 |
| Page Number: | 21 |
| Note: | Chapter prepared for the Handbook of the Economics of European Integration, edited by Harald Badinger and Volker Nitsch, Routledge. 2014 |
| HeBIS-PPN: | 35115597X |
| Institutes: | Wirtschaftswissenschaften / Wirtschaftswissenschaften |
| Wissenschaftliche Zentren und koordinierte Programme / Center for Financial Studies (CFS) | |
| Dewey Decimal Classification: | 3 Sozialwissenschaften / 33 Wirtschaft / 330 Wirtschaft |
| Sammlungen: | Universitätspublikationen |
| Licence (German): |  Deutsches Urheberrecht |
