Understanding interstate trade patterns

• 成果类型: Article
• 署名作者: Yilmazkuday, Hakan
• 署名单位: State University System of Florida; Florida International University
• 刊物名称: JOURNAL OF INTERNATIONAL ECONOMICS
• ISSN/ISSBN: 0022-1996
• DOI: 10.1016/j.jinteco.2011.08.015
• 发表日期: 2012
• 页码: 158-166
• 关键词: Trade patterns; Elasticity of substitution; Elasticity of distance; The United States

摘要

This paper models and estimates bilateral trade patterns of U.S. states in a CES framework and identifies the elasticity of substitution across goods, the elasticities of substitution across varieties of each good, and the good-specific elasticities of distance by using markup values obtained from the production side. Compared to the international trade literature, the elasticity of substitution estimates are lower across both goods and varieties, while the elasticity of distance estimates are higher. Although home-bias effects at the state level are significant, there is evidence for decreasing effects over time. (C) 2011 Elsevier B.V. All rights reserved.