2019 Fiscal Year Final Research Report
External Economies and International Trade: A Quantitative Framework
| Project/Area Number |
17K13721
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| Research Category |
Grant-in-Aid for Young Scientists (B)
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| Allocation Type | Multi-year Fund |
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| Research Field |
Economic policy
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| Research Institution | The University of Tokyo |
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Principal Investigator |
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| Project Period (FY) |
2017-04-01 – 2020-03-31
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| Keywords | economies of scale / economic geogrpahy / dynamic trade models / trade policy |
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| Outline of Final Research Achievements |
We have three completed papers: (1) "Grounded by Gravity: A Well-Behaved Trade Model with External Economies", (2) "Necessary and Sufficient Conditions for Uniqueness in Spatial Equilibria: The Case of Two Locations", and (3) "A
Unified Model of International Business Cycles and Trade".
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| Free Research Field |
international trade
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| Academic Significance and Societal Importance of the Research Achievements |
PAPER (1) already has 53 citations and builds theoretical foundations for empirical work. PAPER (2) fills a big gap in the new economic geography literature by providing a full mathematical characterization of the Krugman (1991) model. PAPER (3) closes a direction in the business cycles literature.
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