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Cấu trúc
Preface
Contents
About the Authors
1 Introduction: What’s in the Book and How to Read It
1.1 What’s in This Book
1.2 How to Read This Book
References
2 Armington, Krugman and Melitz as Special Cases of an Encompassing Model
Abstract
2.1 An Encompassing Model of Trade: The 10-Equation AKME Model
2.2 The Special Assumptions Adopted by Armington, Krugman and Melitz
2.3 Computational Completeness of the Armington, Krugman and Melitz Models in Table 2.2
Appendix 2.1: Mathematical Details of the Melitz Model in Table 2.2
References
3 Optimality in the Armington, Krugman and Melitz Models
Abstract
3.1 Intra-sectoral Optimality and Inter-sectoral Distortion in the Dixit–Stiglitz Model
3.2 The AKME Model as a Cost-Minimizing Problem
3.3 Interpretation and Significance
Appendix 3.1: Equivalence Between Worldwide Cost Minimizing and the AKME Model
References
4 Calibration and Parameter Estimation for a Melitz Sector in a CGE Model
Abstract
4.1 Calibrating a Melitz Sector in a CGE Model Presented in Levels Form
4.2 Showing that Simulation Results in a Melitz Model Don’t Depend on the Choice Among Legitimate Calibrations
4.3 Econometric Estimation of Parameters for a Melitz Sector: The Balistreri et al. (2011) Method
4.4 Concluding Remarks
Appendix 4.1: Relating Observables to Melitz Concepts, and Demonstrating the Fixity of the Shares of Production, Link and Establishment Costs in an Industry’s Total Costs
Appendix 4.2: Calibration: Establishing Relationships Between Unobservables (δ, F and H) and Base-Year Data (V, T and W)
Appendix 4.3: A Percentage Change Version of the Melitz Model: Derivation of Table 4.2 from Table 4.1
Appendix 4.4: The Irrelevance of the Absolute Values of the Initial Hss for Calibration and Estimation
References
5 Melitz Equals Armington Plus Endogenous Productivity and Preferences
Abstract
5.1 Completing the Melitz General Equilibrium Model
5.2 The Armington Auxiliary Model and the Evaluation of Its Productivity and Preference Variables from Melitz Sectoral Models
5.3 The Balistreri–Rutherford (BR) Algorithm
5.4 Concluding Remarks: The Armington Model as a Tool for Interpreting Melitz Results
Appendix 5.1: Establishing the Validity of the Balistreri–Rutherford Decomposition Algorithm
References
6 Illustrative GEMPACK Computations in a General Equilibrium Model with Melitz Sectors
Abstract
6.1 Setting Up and Solving a Melitz CGE Model
6.2 Test Simulations and Interpreting Results
Interpreting Results: Envelope Theorems and an Optimizing Agent
6.3 The Effects of a Tariff Increase in the MelitzGE Model
6.4 Decomposing MelitzGE Welfare Results via an Armington Model
Theory
Results
6.5 Is a Melitz Model Equivalent to an Armington Model with a Higher Substitution Elasticity?
6.6 Concluding Remarks
Appendix 6.1: GEMPACK Program and Closures for the MelitzGE and Armington Auxiliary Models
Closures
Appendix 6.2: Showing that an Increase in Country 2’s Tariffs Doesn’t Affect the Number of Firms in Either Country
Appendix 6.3: Deriving the Armington Decomposition of Melitz Welfare
References
7 Converting an Armington Model into a Melitz Model: Giving Melitz Sectors to GTAP
Abstract
7.1 Equations for the BasicArmington Model
7.2 Forming the BasicArmington-A2M System
7.3 Data for the BasicArmington-A2M System
7.4 Illustrative Simulations with the BasicArmington-A2M System
7.5 Converting the GTAP Model to Melitz: The GTAP-A2M System
7.6 Illustrative Results from the GTAP-A2M System
7.7 Summary and Conclusions
Appendix 7.1: GEMPACK Program for an A2M System: Solving BasicArmington and MelitzGE
Appendix 7.2: Another Decomposition of Welfare for Armington and Melitz