文章基本信息

标题：A Test of Trade Theories when Expenditure is Home Biased
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作者：Marius Brülhart ; Federico Trionfetti
期刊名称：DEEP Cahiers de Recherches Économiques / Université de Lausanne
出版年度：2001
出版社：Université de Lausanne
摘要：We develop and apply a criterion to distinguish two paradigms of international trade theory: constant-returns perfectly competitive models, and increasing-returns monopolistically competitive models. Our analysis makes use of the pervasive presence of home-biased expenditure. It predicts that countries' relative output and their relative home biases are positively correlated in increasing-returns sectors, while no such relationship exists in constant-returns sectors. We estimate country-level sectoral home biases through a gravity equation for international and intranational trade, and we use those estimates to implement our test on input-output data for six European Union economies
关键词：international specialisation; new trade theory; home-market effects; border effects