European Integration and the Gains from Trade

Gianmarco Ottaviano

CEP Discussion Papers from Centre for Economic Performance, LSE

Abstract: 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.

Keywords: Gains from trade; European integration; quantitative trade models; gravity equations; structural estimation (search for similar items in EconPapers)
JEL-codes: F10 F15 F17 (search for similar items in EconPapers)
Date: 2014-09
New Economics Papers: this item is included in nep-int
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (18)

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Related works:
Working Paper: European integration and the gains from trade (2014)
Working Paper: European integration and the gains from trade (2014)
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Persistent link: https://EconPapers.repec.org/RePEc:cep:cepdps:dp1301

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