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- Title
Monopolistic competition and international trade: Reconsidering the evidence.
- Authors
Hummels, David; Levinsohn, James
- Abstract
We test some propositions about international trade flows that are derived from models of monopolistic competition developed by Elhanan Helpman and Paul Krugman We investigate whether the volume of trade between OECD countries is consistent with the predictions of a model in which all trade is intraindustry trade in differentiated products We then repeat the test with non-OECD countries. We also investigate whether the share of intraindustry trade is consistent with a more general theoretical model in which some, but not all, trade is intraindustry trade Our results lead us to question the apparent empirical success of these models.
- Subjects
INTERNATIONAL trade; ECONOMETRIC models; MONOPOLISTIC competition; HELPMAN, Elhanan; ECONOMIC summit conferences; INDUSTRIAL concentration
- Publication
Quarterly Journal of Economics, 1995, Vol 110, Issue 3, p799
- ISSN
0033-5533
- Publication type
Article
- DOI
10.2307/2946700