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Comparison of Welfare Gains in the Armington, Krugman and Melitz Models : Insights from a Structural Gravity Approach (English)

Abstract

How large are the estimated gains from trade from a reduction in trade costs in the heterogeneous firms Melitz (M) model compared with the Armington (A) and Krugman (K) models? Surprisingly little is known beyond the one-sector model. This paper analyzes... See More +

Details

  • Balistreri, Edward Jay; Tarr, David G.;
  • 2018/08/28 08:57:03
  • Policy Research Working Paper
  • WPS8570
  • 1
  • 1
  • World
  • The World Region
  • 2018/08/28 08:54:45
  • Disclosed
  • Comparison of Welfare Gains in the Armington, Krugman and Melitz Models : Insights from a Structural Gravity Approach
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