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dc.contributor.author
Balistreri, Edward J.
dc.contributor.author
Hillberry, Russell H.
dc.contributor.author
Rutherford, Thomas F.
dc.date.accessioned
2019-05-23T10:43:50Z
dc.date.available
2017-06-08T19:55:20Z
dc.date.available
2019-05-23T10:43:50Z
dc.date.issued
2008-06
dc.identifier.uri
http://hdl.handle.net/20.500.11850/10441
dc.identifier.doi
10.3929/ethz-a-005628725
dc.description.abstract
We present an empirical implementation of a general-equilibrium model of international trade with heterogeneous manufacturing firms. The theory underlying our model is consistent with Melitz (2003). A nonlinear structural estimation procedure identifies a set of core parameters and unobserved firm-level trade frictions that best fit the geographic pattern of trade. Once the parameters are identified, we utilize a decomposition technique for computing general-equilibrium counterfactuals. We illustrate this technique using trade and protection data from the Global Trade Analysis Project (GTAP). We first assess the economic effects of reductions in measured tariffs. Taking the simple-average welfare change across regions the Melitz structure indicates welfare gains from liberalization that are nearly four times larger than in a standard policy simulation model. Furthermore, when we compare the economic impact of tariffs with reductions in estimated fixed trade costs we find that policy measures affecting the fixed costs of firmentry are of greater importance than conventional tariff barriers.
en_US
dc.format
application/pdf
en_US
dc.language.iso
en
en_US
dc.publisher
ETH Zurich, Center of Economic Research (CER-ETH)
en_US
dc.rights.uri
http://rightsstatements.org/page/InC-NC/1.0/
dc.title
Structural estimation and solution of international trade models with heterogeneous firms
en_US
dc.type
Working Paper
dc.rights.license
In Copyright - Non-Commercial Use Permitted
ethz.journal.title
Economics Working Paper Series
ethz.journal.volume
08/89
en_US
ethz.size
42 p.
en_US
ethz.code.ddc
DDC - DDC::3 - Social sciences::330 - Economics
en_US
ethz.identifier.nebis
005628725
ethz.publication.place
Zurich
en_US
ethz.publication.status
published
en_US
ethz.leitzahl
ETH Zürich::00002 - ETH Zürich::00012 - Lehre und Forschung::00007 - Departemente::02045 - Dep. Geistes-, Sozial- u. Staatswiss. / Dep. of Humanities, Social and Pol.Sc.
en_US
ethz.leitzahl
03797 - Rutherford, Thomas
en_US
ethz.leitzahl
03202 - Fröhlich, Jürg
en_US
ethz.leitzahl.certified
03797 - Rutherford, Thomas
ethz.leitzahl.certified
03202 - Fröhlich, Jürg
ethz.relation.isPreviousVersionOf
20.500.11850/34616
ethz.date.deposited
2017-06-08T19:55:43Z
ethz.source
ECOL
ethz.source
ECIT
ethz.identifier.importid
imp59364bf04be1d37233
ethz.identifier.importid
imp59366ac002ffe76581
ethz.ecolpid
eth:30523
ethz.ecitpid
pub:21454
ethz.eth
yes
en_US
ethz.availability
Open access
en_US
ethz.rosetta.installDate
2017-07-13T08:37:45Z
ethz.rosetta.lastUpdated
2019-05-23T10:44:04Z
ethz.rosetta.exportRequired
true
ethz.rosetta.versionExported
true
ethz.COinS
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