Replication data for: An Empirical Assessment of the Comparative Advantage Gains from Trade: Evidence from Japan

Name	File Type	Size	Last Modified
BernhofenBrowndata.xls	application/vnd.ms-excel	264 KB	12/06/2019 10:26:AM
LICENSE.txt	text/plain	14.6 KB	12/06/2019 10:26:AM
readme.pdf	application/pdf	205.5 KB	12/06/2019 10:26:AM

Project Citation:

Bernhofen, Daniel M., and Brown, John C. Replication data for: An Empirical Assessment of the Comparative Advantage Gains from Trade: Evidence from Japan. Nashville, TN: American Economic Association [publisher], 2005. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2019-12-06. https://doi.org/10.3886/E116036V1

Project Description

Summary: We provide an empirical assessment of the comparative advantage gains from trade argument. We use Japan's nineteenth-century opening up to world commerce as a natural experiment to answer the following counterfactual: "By how much would real income have had to increase in Japan during its final autarky years of 1851–1853 to afford the consumption bundle the economy could have obtained if it were engaged in international trade during that period?" Using detailed historical data on trade flows, autarky prices, and Japan's real GDP, we obtain upper bounds on the gains from trade of about 8 to 9 percent of Japan's GDP.

Scope of Project

JEL Classification:
      F11 Neoclassical Models of Trade
      F14 Empirical Studies of Trade
      N75 Economic History: Transport, Trade, Energy, Technology, and Other Services: Asia including Middle East

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V1 [2019-12-06]

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