What Goods Do Countries Trade? New Ricardian Predictions

Arnaud Costinot and Ivana Komunjer

uc
http://repositories.cdlib.org/ucsdecon/2006-09/

Abstract
Though one of the pillars of the theory of international trade, the extreme predictions of the Ricardian model have made it unsuitable for empirical purposes. A seminal contribution of Eaton and Kortum (2002) is to demonstrate that random productivity shocks are su¢ cient to make the Ricardian model empirically relevant. While successful at explaining trade volumes, their model remains silent with regards to one important question: What goods do countries trade? Our main contribution is to generalize their approach and provide an empirically meaningful answer to this question.

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Gerak Ekonomi untuk Daulat Kemanusiaan Lihat semua pos milik Indah Sri Wulandari

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