Supply capacity, vertical specialization, and tariff rates
the implications for aggregate U.S. trade flow equations
by Menzie David Chinn
"This paper re-examines aggregate and disaggregate import and export demand functions for the United States. This re-examination is warranted because (1) income elasticities are too high to be warranted by standard theories, and (2) remain high even when it is assumed that supply factors are important. These findings suggest that the standard models omit important factors. An empirical investigation indicates that the rising importance of vertical specialization combined with decreasing tariffs rates explains some of results. Accounting for these factors yields more plausible estimates of income elasticities, as well as smaller prediction errors"--National Bureau of Economic Research web site.
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Subjects
Econometric models, Export, Exports, Imports, Tariff, Vertical integrationPlaces
United States| Edition | Availability |
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Supply capacity, vertical specialization, and tariff rates: the implications for aggregate U.S. trade flow equations
2005, National Bureau of Economic Research
Electronic resource
in English
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Supply capacity, vertical specialization and tariff rates: the implications for aggregate U.S. trade flow equations
2005, National Bureau of Economic Research
in English
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Book Details
Edition Notes
Includes bibliographical references.
Title from PDF file as viewed on 11/21/2005.
Also available in print.
System requirements: Adobe Acrobat Reader.
Mode of access: World Wide Web.
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- Created April 1, 2008
- 5 revisions
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| December 13, 2020 | Edited by MARC Bot | import existing book |
| July 29, 2012 | Edited by VacuumBot | Updated format '[electronic resource] :' to 'Electronic resource' |
| December 12, 2009 | Edited by WorkBot | link works |
| October 31, 2008 | Edited by ImportBot | add URIs from original MARC record |
| April 1, 2008 | Created by an anonymous user | Imported from Scriblio MARC record |