A New Engel on the Gains from Trade: Theory and Evidence Within and Across Countries
by Ben Faber, with David Atkin, Thibault Fally & Marco Gonzalez-Navarro
In this paper, we propose and implement a new approach that uses rich, but widely available, expenditure survey microdata to estimate a theory-consistent and exact metric of changes in income-group specific price indices and welfare.
Topics
Development
Initiatives
International Trade & Development