Endogenous transport prices and trade imbalances
نویسندگان
چکیده
منابع مشابه
Dynamic Patterns of Trade Imbalances
Based on the recursive preference approach, the dynamic and global properties of the two-country open economy are examined with one good and inputs of labor and capital, with capital being freely traded internationally. First by showing that the world’s consumption increases (resp. decreases) with an increase (resp. decrease) in the world’s capital, the global stability of the economy is obtain...
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Earlier work by Waugh (2010) suggests that asymmetric market access costs across exporting countries are a major reason for differences in real per-capita income around the globe: 25% − 50% (depending on the measure) of world income inequality could be explained by cross-country trade cost asymmetries alone. We show that these results were driven by what we call model under-specification, an il...
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ژورنال
عنوان ژورنال: Journal of Economic Geography
سال: 2010
ISSN: 1468-2702,1468-2710
DOI: 10.1093/jeg/lbq002