文章基本信息

标题：Gravity Redux: Measuring International Trade Costs with Panel Data
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作者：Dennis Novy
期刊名称：CEP Discussion Paper
出版年度：2012
卷号：2012
语种：English
出版社：Centre for Economic Performance
摘要：Barriers to international trade are known to be large but due to data limitations it is hard to measure them directly for a large number of countries over many years. To address this problem I derive a micro-founded measure of bilateral trade costs that indirectly infers trade frictions from observable trade data. I show that this trade cost measure is consistent with a broad range of leading trade theories including Ricardian and heterogeneous firms models. In an application I show that U.S. trade costs with major trading partners declined on average by about 40 percent between 1970 and 2000, with Mexico and Canada experiencing the biggest reductions.
关键词：Trade Costs;Gravity;Multilateral Resistance;Ricardian Trade;Heterogeneous Firms