New trade models, different distributions, same old results?

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buir.contributor.authorİkizler, Burçin
buir.contributor.authorPehlivan, Özgür Ayşe
dc.citation.volumeNumber187en_US
dc.contributor.authorPehlivan, Özgür Ayşe
dc.date.accessioned2021-02-20T16:16:47Z
dc.date.available2021-02-20T16:16:47Z
dc.date.issued2020-02-01
dc.departmentDepartment of Economicsen_US
dc.description.abstractIn this paper we estimate Ricardian trade model of Eaton and Kortum (2002) using a different extreme value distribution, Weibull, for the productivity distributions of countries rather than the standard Fréchet assumption. The use of Weibull has the advantage of keeping elasticity of substitution in our estimation equation enabling us to account for demand effects. We find that incorporating this effect leads to lower comparative advantage parameter estimates. Additionally, we find that the state of technology (absolute advantage) rankings of the countries are similar in Weibull and Fréchet cases.en_US
dc.embargo.release2022-02-01
dc.identifier.doi10.1016/j.econlet.2019.108710en_US
dc.identifier.issn0165-1765
dc.identifier.urihttp://hdl.handle.net/11693/75512
dc.language.isoEnglishen_US
dc.publisherElsevieren_US
dc.relation.isversionofhttps://doi.org/10.1016/j.econlet.2019.108710en_US
dc.source.titleEconomics Lettersen_US
dc.subjectTradeen_US
dc.subjectTechnologyen_US
dc.subjectExtreme value distributionsen_US
dc.subjectProductivityen_US
dc.titleNew trade models, different distributions, same old results?en_US
dc.typeArticleen_US

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