Development Accounting and International Trade

Ishise, Hirokazu

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論文情報

タイトル	Development Accounting and International Trade
著者	Ishise, Hirokazu Ishise, Hirokazu
キーワード等	Development accounting
	Total factor productivity
	Cross-country income differences
	Ricardian trade model
	Gains from trade
	General equilibrium effects
抄録	Development accounting shows that a significant part of cross-country income differences is attributed to differences in total factor productivity (TFP), but the sources of TFP differences are not well understood. This paper considers the role of international trade to explain cross-country income differences in TFP. By using a multi-country Ricardian trade model, I distinguish trade costs and trade policy factors from a pure technology factor in TFP. Under the baseline parameterization, my model shows that conventional TFP measures overestimate fundamental productivity differences by 30%. I then show that trade costs significant influence welfare: small European countries enjoy 10{15% higher welfare through their proximity to larger and more productive neigh-boring countries, while Oceanian and countries in southern Africa suffer from 10{20% lower welfare due to their remoteness. Trade policy also has impacts: tariffs decrease welfare by 1{10%, while free-trade agreements increase welfare by 1{5%. These gains from trade are considerably smaller if general equilibrium effects are not considered.
公開者	The Institute of Social and Economic Research, Osaka University
掲載誌名	Institute of Social and Economic Research Discussion Papers
巻	944
開始ページ	1
終了ページ	31
刊行年月	2015-08
URL	http://hdl.handle.net/11094/52394
関連情報 (references)	http://www.iser.osaka-u.ac.jp/library/dp/2015/DP0944.pdf
言語	英語

著者版フラグ	none
NII資源タイプ	テクニカルレポート
ローカル資源タイプ	ディスカッション／ワーキング・ペーパー
dcmi資源タイプ	text
DCTERMS.bibliographicCitation	Institute of Social and Economic Research Discussion Papers.944 P.1-P.31
DC.title	Development Accounting and International Trade
DC.creator	Ishise, Hirokazu
DC.publisher	The Institute of Social and Economic Research, Osaka University
DC.language" scheme="DCTERMS.RFC1766	英語
DCTERMS.issued" scheme="DCTERMS.W3CDTF	2015-08
DC.identifier" scheme="DCTERMS.URI	http://hdl.handle.net/11094/52394
DC.subject	Development accounting
	Total factor productivity
	Cross-country income differences
	Ricardian trade model
	Gains from trade
	General equilibrium effects
DCTERMS.abstract	Development accounting shows that a significant part of cross-country income differences is attributed to differences in total factor productivity (TFP), but the sources of TFP differences are not well understood. This paper considers the role of international trade to explain cross-country income differences in TFP. By using a multi-country Ricardian trade model, I distinguish trade costs and trade policy factors from a pure technology factor in TFP. Under the baseline parameterization, my model shows that conventional TFP measures overestimate fundamental productivity differences by 30%. I then show that trade costs significant influence welfare: small European countries enjoy 10{15% higher welfare through their proximity to larger and more productive neigh-boring countries, while Oceanian and countries in southern Africa suffer from 10{20% lower welfare due to their remoteness. Trade policy also has impacts: tariffs decrease welfare by 1{10%, while free-trade agreements increase welfare by 1{5%. These gains from trade are considerably smaller if general equilibrium effects are not considered.
citation_title	Development Accounting and International Trade
citation_author	Ishise, Hirokazu
citation_publisher	The Institute of Social and Economic Research, Osaka University
citation_language	英語
citation_date	2015-08
citation_journal_title	Institute of Social and Economic Research Discussion Papers
citation_volume	944
citation_firstpage	1
citation_lastpage	31
citation_public_url	http://hdl.handle.net/11094/52394
citation_keywords	Development accounting
	Total factor productivity
	Cross-country income differences
	Ricardian trade model
	Gains from trade
	General equilibrium effects

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