Welfare gains through globalization: Evidence from Japan's manufacturing sector
Journal of the Japanese and International Economies(2022)
摘要
•Builds on the recently developed methodologies for welfare gains from trade.•Elasticity of substitution are estimated using Japan's HS 9-digit trade data.•Welfare gains from trade are estimated for Japan's manufacturing sector for 1970-2011.•Welfare gains is notable from the end of 1990s, reaching 16 percent in 2011.
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关键词
Trade liberalization,Welfare gains,Japan
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