منابع مشابه
Goods Trade, Factor Mobility and Welfare∗
We develop a quantitative spatial model that incorporates a rich geography of trade costs and labor mobility with heterogeneous worker preferences across locations. We provide comparative statics for the unique equilibrium with respect to the primitives of the model. We show how the model can be used to undertake counterfactuals using only data in an initial equilibrium. In these counterfactual...
متن کاملCEP Discussion Paper No 1140 April 2012 Goods Trade , Factor Mobility and Welfare Stephen
This paper extends a recent class of quantitative models of international trade to incorporate factor mobility within countries. We present a model-based decomposition of the variance of economic activity into the contributions of locational fundamentals, market access and their covariance. We show how the standard framework for undertaking model-based counterfactuals in trade can be augmented ...
متن کاملFactor Mobility, Risk and Redistribution in the Welfare State
Economic integration reduces the costs of factor mobility, producing efficiency gains and contributing to equalization of net factor returns. This raises the cost of income-redistribution policy, thus threatening a basic function of the welfare state. A simple model of costly factor mobility under uncertainty shows that greater factor mobility enables factor owners to pool industry-specific, re...
متن کاملTrade Patterns and Welfare
By employing a model with international trade costs and imperfect competition, in which a domestic firm serves both the domestic market and the foreign market, we show that intraindustry trade compared to intersectoral trade is globally, but not mutually, welfare improving. When also foreign firms become active, competition strengthens but domestic welfare declines, because domestic consumers h...
متن کاملNew goods, old theory, and the welfare costs of trade restrictions
The typical economic model implicitly assumes that the set of goods in an economy never changes. As a result, the predicted efficiency loss from a tariff is small, on the order of the square of the tariff rate. If we loosen this assumption and assume that international trade can bring new goods into an economy, the fraction of national income lost when a tariff is imposed can be much larger, as...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Journal of International Economics
سال: 2016
ISSN: 0022-1996
DOI: 10.1016/j.jinteco.2016.04.003