Replication data for: International Trade and Income Differences
- Waugh, Michael E.
AbstractI develop a novel view of the trade frictions between rich and poor countries by arguing that to reconcile bilateral trade volumes and price data within a standard gravity model, the trade frictions between rich and poor countries must be systematically asymmetric, with poor countries facing higher costs to export relative to rich countries. I provide a method to model these asymmetries and demonstrate the merits of my approach relative to alternatives in the trade literature. I then argue that these trade frictions are quantitatively important to understanding the large differences in standards of living and total factor productivity across countries. (JEL F11, F13, F14, O19 )
Is supplement to
DOI: 10.1257/aer.100.5.2093 (Text)
Waugh, Michael E. “International Trade and Income Differences.” American Economic Review 100, no. 5 (December 2010): 2093–2124. https://doi.org/10.1257/aer.100.5.2093.
- ID: 10.1257/aer.100.5.2093 (DOI)
Update Metadata: 2020-05-18 | Issue Number: 2 | Registration Date: 2019-10-11