How Long to Read The Intensive Margin in Trade

How Long Does it Take to Read The Intensive Margin in Trade?

It takes the average reader 1 hour and 7 minutes to read The Intensive Margin in Trade by Ana Fernandes

Assuming a reading speed of 250 words per minute. Learn more

Description

The Melitz model highlights the importance of the extensive margin (the number of firms exporting) for trade flows. Using the World Bank’s Exporter Dynamics Database (EDD) featuring firm-level exports from 50 countries, we find that around 50 percent of variation in exports is along the extensive margin—a quantitative victory for the Melitz framework. The remaining 50 percent on the intensive margin (exports per exporting firm) contradicts a special case of Melitz with Pareto-distributed firm productivity, which has become a tractable benchmark. This benchmark model predicts that, conditional on the fixed costs of exporting, all variation in exports across trading partners should occur on the extensive margin. We find that moving from a Pareto to a lognormal distribution allows the Melitz model to match the role of the intensive margin in the EDD. We use likelihood methods and the EDD to estimate a generalized Melitz model with a joint lognormal distribution for firm-level productivity, fixed costs and demand shifters, and use “exact hat algebra” to quantify the effects of a decline in trade costs on trade flows and welfare in the estimated model. The welfare effects turn out to be quite close to those in the standard Melitz-Pareto model when we choose the Pareto shape parameter to fit the average trade elasticity implied by our estimated Melitz-lognormal model, although there are significant differences regarding the effects on trade flows.

How long is The Intensive Margin in Trade?

The Intensive Margin in Trade by Ana Fernandes is 66 pages long, and a total of 16,896 words.

This makes it 22% the length of the average book. It also has 21% more words than the average book.

How Long Does it Take to Read The Intensive Margin in Trade Aloud?

The average oral reading speed is 183 words per minute. This means it takes 1 hour and 32 minutes to read The Intensive Margin in Trade aloud.

What Reading Level is The Intensive Margin in Trade?

The Intensive Margin in Trade is suitable for students ages 8 and up.

Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.

When deciding what to show young students always use your best judgement and consult a professional.

Where Can I Buy The Intensive Margin in Trade?

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