New Trade Models, Same Old Gains?

Costas Arkolakis, Arnaud Costinot and Andres Rodriguez-Clare

No 15628, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: Micro-level data have had a profound influence on research in international trade over the last ten years. In many regards, this research agenda has been very successful. New stylized facts have been uncovered and new trade models have been developed to explain these facts. In this paper we investigate to which extent answers to new micro-level questions have affected answers to an old and central question in the field: How large are the gains from trade? A crude summary of our results is: "So far, not much."

JEL-codes: F1 (search for similar items in EconPapers)
Date: 2009-12
Note: EFG IFM ITI
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Citations: View citations in EconPapers (58)

Published as Costas Arkolakis & Arnaud Costinot & Andres Rodriguez-Clare, 2012. "New Trade Models, Same Old Gains?," American Economic Review, American Economic Association, vol. 102(1), pages 94-130, February.

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Journal Article: New Trade Models, Same Old Gains? (2012)
Working Paper: New Trade Models, Same Old Gains? (2010)
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