The US Gains From Trade: Valuation Using the Demand for Foreign Factor Services
About eight cents out of every dollar spent in the United States is spent on imports. What if, because of a wall or some other extreme policy intervention, imports were to remain on the other side of the US border? How much would US consumers be willing to pay to prevent this hypothetical policy cha...
| Main Authors: | , |
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| Other Authors: | |
| Format: | Article |
| Language: | English |
| Published: |
American Economic Association
2020
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| Online Access: | https://hdl.handle.net/1721.1/126110 |
| _version_ | 1811075302633242624 |
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| author | Costinot, Arnaud Rodríguez-Clare, Andrés |
| author2 | Massachusetts Institute of Technology. Department of Economics |
| author_facet | Massachusetts Institute of Technology. Department of Economics Costinot, Arnaud Rodríguez-Clare, Andrés |
| author_sort | Costinot, Arnaud |
| collection | MIT |
| description | About eight cents out of every dollar spent in the United States is spent on imports. What if, because of a wall or some other extreme policy intervention, imports were to remain on the other side of the US border? How much would US consumers be willing to pay to prevent this hypothetical policy change from taking place? The answer to this question represents the welfare cost from autarky or, equivalently, the welfare gains from trade. In this article, we discuss how to evaluate these gains using estimates of the demand for foreign factor services. |
| first_indexed | 2024-09-23T10:03:54Z |
| format | Article |
| id | mit-1721.1/126110 |
| institution | Massachusetts Institute of Technology |
| language | English |
| last_indexed | 2024-09-23T10:03:54Z |
| publishDate | 2020 |
| publisher | American Economic Association |
| record_format | dspace |
| spelling | mit-1721.1/1261102022-09-30T18:41:21Z The US Gains From Trade: Valuation Using the Demand for Foreign Factor Services Costinot, Arnaud Rodríguez-Clare, Andrés Massachusetts Institute of Technology. Department of Economics About eight cents out of every dollar spent in the United States is spent on imports. What if, because of a wall or some other extreme policy intervention, imports were to remain on the other side of the US border? How much would US consumers be willing to pay to prevent this hypothetical policy change from taking place? The answer to this question represents the welfare cost from autarky or, equivalently, the welfare gains from trade. In this article, we discuss how to evaluate these gains using estimates of the demand for foreign factor services. 2020-07-08T22:04:18Z 2020-07-08T22:04:18Z 2018 2019-10-22T16:13:48Z Article http://purl.org/eprint/type/JournalArticle 0895-3309 1944-7965 https://hdl.handle.net/1721.1/126110 Costinot, Arnaud, and Andrés Rodríguez-Clare. "The US Gains from Trade: Valuation Using the Demand for Foreign Factor Services." Journal of Economic Perspectives, 32, 2 (Spring 2018): 3-24. en https://dx.doi.org/10.1257/JEP.32.2.3 Journal of Economic Perspectives Article is made available in accordance with the publisher's policy and may be subject to US copyright law. Please refer to the publisher's site for terms of use. application/pdf American Economic Association American Economic Association |
| spellingShingle | Costinot, Arnaud Rodríguez-Clare, Andrés The US Gains From Trade: Valuation Using the Demand for Foreign Factor Services |
| title | The US Gains From Trade: Valuation Using the Demand for Foreign Factor Services |
| title_full | The US Gains From Trade: Valuation Using the Demand for Foreign Factor Services |
| title_fullStr | The US Gains From Trade: Valuation Using the Demand for Foreign Factor Services |
| title_full_unstemmed | The US Gains From Trade: Valuation Using the Demand for Foreign Factor Services |
| title_short | The US Gains From Trade: Valuation Using the Demand for Foreign Factor Services |
| title_sort | us gains from trade valuation using the demand for foreign factor services |
| url | https://hdl.handle.net/1721.1/126110 |
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