Gravity, productivity and the pattern of production and trade / James E. Anderson.
Material type:
TextSeries: Working paper series (National Bureau of Economic Research) ; no. 14642.Publication details: Cambridge, MA : National Bureau of Economic Research, 2009Description: 33 p. : ill. ; 22 cmSubject(s): International trade -- Econometric models | Industrial productivity | Labor marketLOC classification: HB1 | .N38 no.14642Online resources: Click here to access online Summary: The aggregated incidence of bilateral trade costs is derived from the gravity model. Incidence is equivalent to a TFP penalty. Sectoral and national differences in TFP have sharp implications for the equilibrium pattern of production and trade in a specific factors model of production. Unskilled labor is intersectorally mobile. Skilled labor acquires sector specific skills. Productivity shocks cause incidence shock that induce ex post inefficient allocation of skilled labor. Below (above) average TFP sectors produce less and have below (above) average skill premia. Ex ante efficient allocation is lower in sectors with riskier TFP incidence, despite risk neutrality.
| Item type | Current library | Collection | Call number | Copy number | Status | Date due | Barcode |
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Book
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University of Macedonia Library Γραφείο Επεξεργασίας (Processing Office) | Research Papers | HB1.N38 no.14642 (Browse shelf (Opens below)) | 1 | Missing in Inventory In Cataloging | 0013125618 |
Includes bibliographical references (p. 28)
The aggregated incidence of bilateral trade costs is derived from the gravity model. Incidence is equivalent to a TFP penalty. Sectoral and national differences in TFP have sharp implications for the equilibrium pattern of production and trade in a specific factors model of production. Unskilled labor is intersectorally mobile. Skilled labor acquires sector specific skills. Productivity shocks cause incidence shock that induce ex post inefficient allocation of skilled labor. Below (above) average TFP sectors produce less and have below (above) average skill premia. Ex ante efficient allocation is lower in sectors with riskier TFP incidence, despite risk neutrality.
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