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Measuring the Unequal Gains from Trade *

2016; Oxford University Press; Volume: 131; Issue: 3 Linguagem: Inglês

10.1093/qje/qjw013

1531-4650

Pablo Fajgelbaum, Amit Khandelwal,

Economic Growth and Productivity

Abstract Individuals that consume different baskets of goods are differentially affected by relative price changes caused by international trade. We develop a methodology to measure the unequal gains from trade across consumers within countries. The approach requires data on aggregate expenditures and parameters estimated from a nonhomothetic gravity equation. We find that trade typically favors the poor, who concentrate spending in more traded sectors.