Replication data for: The US Gains from Trade: Valuation Using the Demand for Foreign Factor Services

Principal Investigator(s): View help for Principal Investigator(s) Arnaud Costinot; Andrés Rodríguez-Clare

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Project Citation:

Costinot, Arnaud, and Rodríguez-Clare, Andrés. Replication data for: The US Gains from Trade: Valuation Using the Demand for Foreign Factor Services. Nashville, TN: American Economic Association [publisher], 2018. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2019-10-12. https://doi.org/10.3886/E114011V1

Project Description

Summary: About eight cents out of every dollar spent in the United States is spent on imports. What if, because of a wall or some other extreme policy intervention, imports were to remain on the other side of the US border? How much would US consumers be willing to pay to prevent this hypothetical policy change from taking place? The answer to this question represents the welfare cost from autarky or, equivalently, the welfare gains from trade. In this article, we discuss how to evaluate these gains using estimates of the demand for foreign factor services.

Scope of Project

JEL Classification:
      F11 Neoclassical Models of Trade
      F13 Trade Policy; International Trade Organizations
      F14 Empirical Studies of Trade
      F43 Economic Growth of Open Economies

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V1 [2019-10-12]

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