ESTUDIOS Y ANÁLISIS: DOCUMENTOS DE TRABAJO
Trade Costs in the Global Economy: Measurement, Aggregation and Decomposition
Proper measurement and aggregation of trade costs is of paramount importance for sound academic and policy analysis of the determinants - particularly those of policy - of economic outcomes. The international trade profession has witnessed signifcant new developments, both on the theoretical and on the empirical side, concerning the measurement and decomposition of such costs into variable and fixed costs on the one hand and into partial and general equilibrium effects on the other hand.
The objectives and main contributions of this project are to offer guidance for proper measurement, aggregation, and decomposition of trade costs into fixed vs. variable and partial vs. general equilibrium costs across two broad dimensions, one including overall trade costs vs. policy measures vs. transportation costs vs. natural trade barriers vs. uncertainty and another one including geography vs. product vs. household income level vs. agent.
N°: ERSD-2021-2
Autores: Peter H. Egger, Mario Larch, Sergey Nigai and Yoto V. Yotov
Fecha de redacción: maio de 2018
Palabras clave:
Trade costs; Structural gravity; Multi-sector and multi-country models; Heterogeneous firms; Panel data; Measurement; Aggregation; Decomposition.
Código JEL:
C23, C31, F1
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Este es un documento de trabajo y se refiere, por consiguiente, a un estudio en curso. Refleja las opiniones de sus autores. No pretende reflejar la posición o las opiniones de la OMC o de sus Miembros y se entiende sin perjuicio de los derechos y obligaciones de los Miembros en el marco de la OMC. Los errores que puedan existir son responsabilidad de los autores.
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