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International trade without CES : estimating translog gravity
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Novy, Dennis (2013) International trade without CES : estimating translog gravity. Journal of International Economics, 89 (2). pp. 271-282. doi:10.1016/j.jinteco.2012.08.010 ISSN 0022-1996.
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Official URL: http://dx.doi.org/10.1016/j.jinteco.2012.08.010
Abstract
This paper derives a micro-founded gravity equation based on a translog demand system that allows for flexible substitution patterns across goods. In contrast to the standard CES-based gravity equation, translog gravity generates an endogenous trade cost elasticity. Trade is more sensitive to trade costs if the exporting country only provides a small share of the destination country's imports. As a result, trade costs have a heterogeneous impact across country pairs, with some trade flows predicted to be zero. I test the translog gravity equation and find empirical evidence that is in many ways consistent with its predictions. © 2012 Elsevier B.V. All rights reserved.
| Item Type: | Journal Article | ||||
|---|---|---|---|---|---|
| Divisions: | Faculty of Social Sciences > Economics | ||||
| Journal or Publication Title: | Journal of International Economics | ||||
| Publisher: | Elsevier BV | ||||
| ISSN: | 0022-1996 | ||||
| Official Date: | March 2013 | ||||
| Dates: |
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| Volume: | 89 | ||||
| Number: | 2 | ||||
| Page Range: | pp. 271-282 | ||||
| DOI: | 10.1016/j.jinteco.2012.08.010 | ||||
| Status: | Peer Reviewed | ||||
| Publication Status: | Published | ||||
| Access rights to Published version: | Restricted or Subscription Access | ||||
| Version or Related Resource: | Novy, Dennis. (2012) International trade without CES : estimating translog gravity. Working Paper. Coventry, UK: Department of Economics, University of Warwick. (CAGE Online Working Paper Series, No.101/2012). http://wrap.warwick.ac.uk/id/eprint/57898 Novy, D. (2010). International trade without CES : estimating translog gravity. Working Paper. Coventry: Department of Economics, University of Warwick. (CAGE Online Working Paper Series, No.31). http://wrap.warwick.ac.uk/id/eprint/57575 Novy, D. (2010). International trade and monopolistic competition without CES : estimating translog gravity. Coventry: Department of Economics, University of Warwick. (The Warwick Economics Research Paper Series no. 929). http://wrap.warwick.ac.uk/id/eprint/3531 Novy, Dennis (2011). International trade and monopolistic competition without CES : estimating translog gravity. Invited Speaker : Why Open Regionalism Is Not Always Good. The Leverhulme Centre for Research on Globalisation and Economic Policy, University of Nottingham, 31 Jan 2011. http://wrap.warwick.ac.uk/id/eprint/44990 | ||||
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