publication . Other literature type . 2004

Measuring the Gains from International Trade Allocated Across Countries

Chung, Dongsik;
Open Access
  • Published: 01 Jan 2004
  • Publisher: Purdue University
Abstract
The intraindustry trade, multiple posttrade equilibria and multiple pretrade equilibria almost invalidate the role of the terms of trade as a divider of trade gains and as a predictor of the direction of trade. The indices of international trade benefits (ITB), which will be developed in this paper, aim at complementing what the terms of trade lacks as well as making it possible to utilize the estimated trade gains in a meaningful manner.The indices relatively measure the portion that a trading country takes out of whole trade benefits created by all trading countries at a given moment rather than recognize the absolute level of trade benefits for each of tradin...
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Other literature type . 2004
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