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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| Language: | English |
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World Bank, Washington, DC
2018
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| 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 |