The US Gains From Trade
Valuation Using the Demand for Foreign Factor Services
Bibliographic Data
| ID | 4029705 |
|---|---|
| Authors | Arnaud Costinot (Arnaud Costinot is Professor of Economics, Massachusetts Institute of Technology, Cambridge, Massachusetts.), Andrés Rodríguez-Clare (Andrés Rodríguez-Clare is Professor of Economics, University of California at Berkeley, Berkeley, California.), Andrés Rodrı́guez-Clare (University of California, Berkeley) |
| Year | 2018 |
| Volume | 32 |
| Issue | 2 |
| Pages | 3-24 |
| Publication date | 2018-05-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | The Journal of Economic Perspectives (JOURNAL) |
| Journal identifiers | ISSN: 0895-3309 • E-ISSN: 1944-7965 |
| Publisher | American Economic Association (PUBLISHER • US) |
| DOI | 10.1257/jep.32.2.3 |
| OpenAlex | W2791094859 |
| Language | EN |
| Citations received | 4 |
| References cited | 31 |
About eight cents out of every dollar spent in the United States is spent on imports. What if, because of a wall or some other extreme policy intervention, imports were to remain on the other side of the US border? How much would US consumers be willing to pay to prevent this hypothetical policy change from taking place? The answer to this question represents the welfare cost from autarky or, equivalently, the welfare gains from trade. In this article, we discuss how to evaluate these gains using estimates of the demand for foreign factor services
Autarky · Economics · International economics · International trade · Liberian dollar · Market economy · Welfare · Economics of Agriculture and Food Markets · Global trade and economics · Merger and Competition Analysis · Finance
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| Unique citing works | 4 |
|---|---|
| Citations per year | 0,5 |
| Citation span | 2018 - 2026 (9) |
| Citation velocity | current |
| Highly cited | No |
| Citation types | Neutral: 4 |