Gains from trade: The Costa Rican case
One of the oldest and most interesting questions in the economic literature is how to quantify the gains from trade. Recently, Costinot & Rodríguez-Clare (2014) (CRC) developed a methodology that uses the World Input Output Database (WIOD) to compute this value for a list of countries. Costa Ric...
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| Format: | Article |
| Language: | English |
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Universidad de Costa Rica
2019-12-01
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| Series: | Revista de Ciencias Economicas |
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| Online Access: | http://revistas.ucr.ac.cr/index.php/economicas/article/view/40031 |
| _version_ | 1818163850122362880 |
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| author | Alonso Alfaro Ureña |
| author_facet | Alonso Alfaro Ureña |
| author_sort | Alonso Alfaro Ureña |
| collection | DOAJ |
| description | One of the oldest and most interesting questions in the economic literature is how to quantify the gains from trade. Recently, Costinot & Rodríguez-Clare (2014) (CRC) developed a methodology that uses the World Input Output Database (WIOD) to compute this value for a list of countries. Costa Rica has never been part of this database given the lack of appropriate data. However, with the publication of a new Input Output Table for Costa Rica, the Foreign Trade Ministry (COMEX) was able to develop a domestic version of the WIOD that includes the country. This paper presents the results of the CRC methodology using this version of the WIOD to compute gains from trade for the Costa Rican economy. Counterfactual exercises that compare the current situation with autarky and other average tariff levels using different productive structures and competition schemes in the economy are also presented. The results can provide valuable information on how much a small open economy like Costa Rica’s can benefit from international trade, and what are the differences in the results when compared to similar countries. |
| first_indexed | 2024-12-11T16:56:06Z |
| format | Article |
| id | doaj.art-beff9d231b8f4d97bd8a732a56acfe2f |
| institution | Directory Open Access Journal |
| issn | 0252-9521 2215-3489 |
| language | English |
| last_indexed | 2024-12-11T16:56:06Z |
| publishDate | 2019-12-01 |
| publisher | Universidad de Costa Rica |
| record_format | Article |
| series | Revista de Ciencias Economicas |
| spelling | doaj.art-beff9d231b8f4d97bd8a732a56acfe2f2022-12-22T00:57:57ZengUniversidad de Costa RicaRevista de Ciencias Economicas0252-95212215-34892019-12-0137210.15517/rce.v37i2.40031Gains from trade: The Costa Rican caseAlonso Alfaro Ureña0Banco Central de Costa Rica, Departamento de Investigación Económica, División EconómicaOne of the oldest and most interesting questions in the economic literature is how to quantify the gains from trade. Recently, Costinot & Rodríguez-Clare (2014) (CRC) developed a methodology that uses the World Input Output Database (WIOD) to compute this value for a list of countries. Costa Rica has never been part of this database given the lack of appropriate data. However, with the publication of a new Input Output Table for Costa Rica, the Foreign Trade Ministry (COMEX) was able to develop a domestic version of the WIOD that includes the country. This paper presents the results of the CRC methodology using this version of the WIOD to compute gains from trade for the Costa Rican economy. Counterfactual exercises that compare the current situation with autarky and other average tariff levels using different productive structures and competition schemes in the economy are also presented. The results can provide valuable information on how much a small open economy like Costa Rica’s can benefit from international trade, and what are the differences in the results when compared to similar countries.http://revistas.ucr.ac.cr/index.php/economicas/article/view/40031GAINS FROM TRADECOSTA RICAINPUT-OUTPUT |
| spellingShingle | Alonso Alfaro Ureña Gains from trade: The Costa Rican case Revista de Ciencias Economicas GAINS FROM TRADE COSTA RICA INPUT-OUTPUT |
| title | Gains from trade: The Costa Rican case |
| title_full | Gains from trade: The Costa Rican case |
| title_fullStr | Gains from trade: The Costa Rican case |
| title_full_unstemmed | Gains from trade: The Costa Rican case |
| title_short | Gains from trade: The Costa Rican case |
| title_sort | gains from trade the costa rican case |
| topic | GAINS FROM TRADE COSTA RICA INPUT-OUTPUT |
| url | http://revistas.ucr.ac.cr/index.php/economicas/article/view/40031 |
| work_keys_str_mv | AT alonsoalfarourena gainsfromtradethecostaricancase |