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National Differentiation and Industry-Wide Scale Effects
| Content Provider | Scilit |
|---|---|
| Author | Lashkaripour, Ahmad Lugovskyy, Volodymyr |
| Copyright Year | 2017 |
| Description | Journal: SSRN Electronic Journal In a large class of trade models, trading patterns and the corresponding welfare gains depend on the scale elasticity — a deep parameter that governs industry-wide returns to scale. Noting that the scale elasticity depends on the extent to which technologies or products are nationally differentiated, we develop an empirical strategy to structurally estimate the scale elasticity across various industries. A trade model that features our estimated scale elasticity captures the negative relationship between population size and real income, which eludes standard trade models. Furthermore, we find that scale elasticities display considerable inter-industry variation. Accounting for these previously overlooked variations greatly modifies the estimated gains from trade. |
| Related Links | https://caepr.indiana.edu/RePEc/inu/caeprp/CAEPR2017-004.pdf https://papers.ssrn.com/sol3/Delivery.cfm?abstractid=2954731 |
| ISSN | 10914358 |
| e-ISSN | 15565068 |
| DOI | 10.2139/ssrn.2954731 |
| Journal | SSRN Electronic Journal |
| Language | English |
| Publisher | Elsevier BV |
| Publisher Date | 2017-04-18 |
| Access Restriction | Open |
| Subject Keyword | Journal: SSRN Electronic Journal History and Philosophy of Science |
| Content Type | Text |
| Resource Type | Article |
| Subject | Public Health, Environmental and Occupational Health Psychiatry and Mental Health |