Replication data for: Measured Aggregate Gains from International Trade

Principal Investigator(s): View help for Principal Investigator(s) Ariel Burstein; Javier Cravino

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Project Citation:

Burstein, Ariel, and Cravino, Javier. Replication data for: Measured Aggregate Gains from International Trade. Nashville, TN: American Economic Association [publisher], 2015. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2019-10-12. https://doi.org/10.3886/E114051V1

Project Description

Summary: We examine the implications of workhorse trade models for how aggregate productivity, real GDP and real consumption, as measured by statistical agencies, respond to changes in trade costs. In a range of models, changes in measured productivity are equal to the inverse of an export-share weighted average of changes in variable trade costs incurred domestically. Under certain conditions, despite the multiple biases in the CPI, measured real consumption captures the first-order effects of changes in variable trade costs on welfare. Through the lens of these results, we interpret some of the empirical work on measured gains from trade. (JEL E21, E23, F11, F43)

Scope of Project

JEL Classification:
      E21 Macroeconomics: Consumption; Saving; Wealth
      E23 Macroeconomics: Production
      F11 Neoclassical Models of Trade
      F43 Economic Growth of Open Economies

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V1 [2019-10-12]

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