The Case of the Missing Trade and Other Mysteries.¶
Trefler, D. (1995). The Case of the Missing Trade and Other Mysteries. American Economic Review, 85(5), 1029-1046.
Cited by¶
2 citations across 2 artifacts.
Each citation links to the sentence it supports in the citing article.
Primes¶
- Comparative Advantage
- Trefler's 1995 analysis identified the broader "missing trade" puzzle, where actual trade volumes are far smaller than HOV models predict.
This sourceShows actual factor-content trade volumes are far smaller than Heckscher-Ohlin-Vanek predicts ('missing trade'), and resolves it with home bias and international technology differences; supports the prime's T3 'missing trade' claim.
- Trefler's 1995 analysis identified the broader "missing trade" puzzle, where actual trade volumes are far smaller than HOV models predict.
- Gains from Trade
- Echoing Trefler's (1995) emphasis that empirical trade flows depend on the institutional friction stack, a regional economic-development partnership serving a three-county rural area wants to strengthen the local food economy.
This sourceDocuments the gap between HOV predictions and observed trade volumes and the role of technology/taste differences and home bias; supports the applied-example point that empirical trade flows depend on the institutional/friction stack.
- Echoing Trefler's (1995) emphasis that empirical trade flows depend on the institutional friction stack, a regional economic-development partnership serving a three-county rural area wants to strengthen the local food economy.
Verification¶
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