Ottaviano, Gianmarco I. P. (2014) European integration and the gains from trade. CEP Discussion Papers, CEPDP1301. Centre for Economic Performance, London School of Economics and Political Science, London, UK.
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Abstract
This chapter discusses whether and how 'new quantitative trade models' (NQTMs) can be fruitfully applied to quantify the welfare effects of trade liberalization, thus shedding light on the trade-related effects of further European integration. On the one hand, it argues that NQTMs have indeed the potential of being used to supplement traditional ‘computable general equilibrium’ (CGE) analysis thanks to their tight connection between theory and data, appealing micro-theoretical foundations, and enhanced attention to the estimation of structural parameters. On the other hand, further work is still needed in order to fully exploit such potential.
| Item Type: | Monograph (Discussion Paper) |
|---|---|
| Official URL: | http://cep.lse.ac.uk/_new/publications/series.asp?... |
| Additional Information: | © 2014 The Authors |
| Library of Congress subject classification: | H Social Sciences > HD Industries. Land use. Labor |
| Journal of Economic Literature Classification System: | F - International Economics > F1 - Trade > F10 - General F - International Economics > F1 - Trade > F15 - Economic Integration F - International Economics > F1 - Trade > F17 - Trade Forecasting and Simulation |
| Sets: | Research centres and groups > Centre for Economic Performance (CEP) |
| Identification Number: | CEPDP1301 |
| Funders: | Economic and Social Research Council (ESRC) |
| Date Deposited: | 12 Dec 2014 12:13 |
| URL: | http://eprints.lse.ac.uk/60500/ |
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