New trade models, same old gains?
By: Costas Arkolakis, Arnaud Costinot, Andrés Rodríguez-Clare.
Contributors: Costinot, Arnaud, 1978-; Rodríguez-Clare, Andrés.; National Bureau of Economic Research.
Series: NBER working paper series -- working paper 15628; Working paper series (National Bureau of Economic Research : Online) -- working paper no. 15628.
Publisher: National Bureau of Economic Research
Published: 2009
Place of publication: Cambridge, MA
Language: eng
Format: Electronic resource
Description: "Micro-level data have had a profound influence on research in international trade over the last ten years.  In many regards, this research agenda has been very successful.  New stylized facts have been uncovered and new trade models have been developed to explain these facts.  In this paper we investigate to which extent answers to new micro-level questions have affected answers to an old and central question in the field: How large are the gains from trade? A crude summary of our results is: "So far, not much.""--National Bureau of Economic Research web site.
Notes: Title from PDF file as viewed on 2/16/2010.

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