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  1. Gains from trade and the food Engel curve
    Author: Farrokhi, Farid; Jinkins, David; Chong, Xiang
    Published: October 2022
    Publisher:  IZA - Institute of Labor Economics, Bonn, Germany

    This paper examines the extent to which gains-from-trade predictions from commonly-used trade theories are consistent with observed household consumption decisions. Our approach is based on inference from household-level estimation of food Engel... more

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    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    DS 4
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    No inter-library loan

     

    This paper examines the extent to which gains-from-trade predictions from commonly-used trade theories are consistent with observed household consumption decisions. Our approach is based on inference from household-level estimation of food Engel curves in the US and in a few other countries. For a given price index as the deflator of income, deviations from food Engel curves indicate how biased that price index is relative to the true household price index. We construct open-economy price indices based on trade theory and data, evaluate their biases according to our approach, and compare them with the bias of official CPI statistics. We find that theory-consistent open-economy price indices that account for industry-level heterogeneity and input-output linkages tend to eliminate a large fraction of the bias of CPI.

     
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/267411
    Series: Discussion paper series / IZA ; no. 15674
    Subjects: Food Engel Curves; price indices; household-level consumption; gains from trade
    Scope: 1 Online-Ressource (circa 60 Seiten), Illustrationen
  2. Gains from trade and the food Engel curve
    Author: Farrokhi, Farid; Jinkins, David; Chong, Xiang
    Published: 2022
    Publisher:  Department of Economics, Copenhagen Business School, Frederiksberg

    Access:
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    Verlag (kostenfrei)

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    VS 55
    Inter-library loan:
    No inter-library loan
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10398/36928e2f-ccbe-45aa-b83e-deaccb7edd35
    Series: Working paper / Department of Economics, Copenhagen Business School ; 2022, 15
    Subjects: Food Engel Curves; Price Indices; Household-level Consumption; Gains from Trade
    Scope: 1 Online-Ressource (circa 60 Seiten)
  3. Global trade and margins of productivity in agriculture
    Author: Farrokhi, Farid; Pellegrina, Heitor S.
    Published: June 2020
    Publisher:  National Bureau of Economic Research, Cambridge, MA

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    W 1 (27350)
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Print
    Series: Working paper series / National Bureau of Economic Research ; 27350
    Subjects: Globalisierung; Außenhandel; Agraraußenhandel; Agrarproduktion; Produktivitätsentwicklung; Wohlfahrtsanalyse; Allgemeines Gleichgewicht; Mehr-Länder-Modell
    Scope: 65 Seiten, Illustrationen
    Notes:

    Erscheint auch als Online-Ausgabe