%0 Report %1 NBERw15628 %A Arkolakis, Costas %A Costinot, Arnaud %A Rodríguez-Clare, Andrés %B Working Paper Series %D 2009 %K gravity isomorphic_models trade gains costs %N 15628 %T New Trade Models, Same Old Gains? %U http://www.nber.org/papers/w15628 %X Micro-level data have had a profound influence on research in international trade over the last ten years. In many regards, this research agenda has been very successful. New stylized facts have been uncovered and new trade models have been developed to explain these facts. In this paper we investigate to which extent answers to new micro-level questions have affected answers to an old and central question in the field: How large are the gains from trade? A crude summary of our results is: "So far, not much."

@techreport{NBERw15628, abstract = {Micro-level data have had a profound influence on research in international trade over the last ten years. In many regards, this research agenda has been very successful. New stylized facts have been uncovered and new trade models have been developed to explain these facts. In this paper we investigate to which extent answers to new micro-level questions have affected answers to an old and central question in the field: How large are the gains from trade? A crude summary of our results is: "So far, not much."}, added-at = {2013-03-07T18:54:23.000+0100}, author = {Arkolakis, Costas and Costinot, Arnaud and Rodríguez-Clare, Andrés}, biburl = {https://www.bibsonomy.org/bibtex/28791a8a4dce07ebac3ab14379b201074/jp}, description = {New Trade Models, Same Old Gains?}, institution = {National Bureau of Economic Research}, interhash = {31acb749669cc4d7e94aa9738a937a73}, intrahash = {8791a8a4dce07ebac3ab14379b201074}, keywords = {gravity isomorphic_models trade gains costs}, month = {December}, number = 15628, series = {Working Paper Series}, timestamp = {2013-03-09T22:21:36.000+0100}, title = {New Trade Models, Same Old Gains?}, type = {Working Paper}, url = {http://www.nber.org/papers/w15628}, year = 2009 }