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.

Type

Journal article

Intellectual base

Primary research

Year

1995

Link

https://www.jstor.org/stable/2950973

Cited from

economics_finance

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.

• 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.

Verification

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