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.

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Metadaten
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:Universit├Ątsbibliothek 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:Universit├Ątspublikationen
Licence (German):License LogoDeutsches Urheberrecht