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"This paper surveys the measurement of trade costs - what we know, and what we don't know but may usefully attempt to find out. Partial and incomplete data on direct meausres of costs go together with inference on implicit costs from trade flows and prices. Total trade costs in rich countries are large. The ad valorem tax equivalent is about 170% when pushing the data very hard. Poor countries face even higher trade costs. There is a lot of variation across countries and across goods within countries, much of which makes economic sense. Theory looms large in our survey, providing interpretation and perspective on the one hand and suggesting improvements for the future on the other hand. Some new results are presented to apply and interpret gravity theory properly and to handle aggregation appropriately"--National Bureau of Economic Research web site.
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Subjects
Costs, International tradeEdition | Availability |
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Book Details
Edition Notes
Includes bibliographical references.
Title from PDF file as viewed on 1/12/2005.
Also available in print.
System requirements: Adobe Acrobat Reader.
Mode of access: World Wide Web.
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Feedback?December 13, 2020 | Edited by MARC Bot | import existing book |
February 24, 2016 | Edited by Hemanth Kumar | merged duplicate records. |
December 5, 2010 | Edited by Open Library Bot | Added subjects from MARC records. |
December 8, 2009 | Created by ImportBot | add works page |