Trade, Domestic Frictions, and Scale Effects
Because of scale effects, idea-based growth models imply that larger countries should be much richer than smaller ones. New trade models share the same counterfactual feature. In fact, new trade models exhibit other counterfactual implications associated with scale effects: import shares decrease an...
| Main Authors: | , , |
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| Format: | Artículo |
| Language: | Inglés |
| Published: |
2020
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| Subjects: | |
| Online Access: | http://dx.doi.org/10.1257/aer.20141449 https://repositorio.catie.ac.cr/handle/11554/9537 |