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

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

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 an...

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Bibliographic Details
Main Authors: Balistreri, Edward J., Tarr, David G.
Format: Working Paper
Language:English
Published: World Bank, Washington, DC 2018
Subjects:
GAINS FROM TRADE
STRUCTURAL GRAVITY
MONOPOLISTIC COMPETITION
VARIETY MEASURE
HETEROGENEOUS FIRMS
WELFARE IMPACT
Online Access:http://documents.worldbank.org/curated/en/326641535461066421/Comparison-of-Welfare-Gains-in-the-Armington-Krugman-and-Melitz-Models-Insights-from-a-Structural-Gravity-Approach
http://hdl.handle.net/10986/30322

Internet

http://documents.worldbank.org/curated/en/326641535461066421/Comparison-of-Welfare-Gains-in-the-Armington-Krugman-and-Melitz-Models-Insights-from-a-Structural-Gravity-Approach
http://hdl.handle.net/10986/30322

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