A New Engel on the Gains from Trade: Theory and Evidence Within and Across Countries

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.

 

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International Trade & Development