Novy, Dennis (2012) Gravity redux : measuring international trade costs with panel data. Economic Inquiry, Vol.51 (No.1). pp. 101-121. doi:10.1111/j.1465-7295.2011.00439.x ISSN 0095-2583.

Research output not available from this repository.

Request-a-Copy directly from author or use local Library Get it For Me service.

Request Changes to record.

Abstract

Barriers to international trade are known to be large but because of 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 between 1970 and 2000, with Mexico and Canada experiencing the biggest reductions.

Item Type:	Journal Article
Subjects:	H Social Sciences > HB Economic Theory
Divisions:	Faculty of Social Sciences > Economics
Journal or Publication Title:	Economic Inquiry
Publisher:	Wiley-Blackwell Publishing, Inc.
ISSN:	0095-2583
Official Date:	2012
Dates:	Date Event 2012 Published
Volume:	Vol.51
Number:	No.1
Page Range:	pp. 101-121
DOI:	10.1111/j.1465-7295.2011.00439.x
Status:	Peer Reviewed
Publication Status:	Published
Access rights to Published version:	Restricted or Subscription Access
Funder:	Economic and Social Research Council
Grant number:	RES-000-22-3112
Version or Related Resource:	Novy, D. (2009). Gravity redux: measuring international trade costs with panel data. [Coventry] : University of Warwick, Economics Department. (Warwick economic research papers, no.861).
Related URLs:	Related item in WRAP

Request changes or add full text files to a record

Repository staff actions (login required)

View Item