TY  - UNPD
A1  - Ottaviano, Gianmarco I. P.
T1  - European integration and the gains from trade
T2  - Center for Financial Studies (Frankfurt am Main): CFS working paper series ; No. 470
N2  - 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.
T3  - CFS working paper series - 470 
KW  - Gains from trade
KW  - European integration
KW  - Quantitative trade models
KW  - Gravity equations
KW  - Structural estimation
Y1  - 2014
UR  - http://publikationen.ub.uni-frankfurt.de/frontdoor/index/index/docId/35090
UR  - https://nbn-resolving.org/urn:nbn:de:hebis:30:3-350902
UR  - http://ssrn.com/abstract=2505957
N1  - Chapter prepared for the Handbook of the Economics of European Integration, edited by Harald Badinger and Volker Nitsch, Routledge. 2014
IS  - September 2014
PB  - Center for Financial Studies
CY  - Frankfurt, M.
ER  -