000			01138nam a22001457a 4500
999			_c522440 _d522440
008			230411b ||||| |||| 00| 0 eng d
100			_aLand, Nelson and Ramondo, Natalia _940047
245			_aTrade with correlation
260			_aThe American: Economic Reviews
300			_a113(2), Feb, 2023: p. 317-353
520			_aWe develop a trade model with correlation in productivity across countries. The model spans the full class of generalized extreme value import demand systems and implies that countries with relatively dissimilar technology gain more from trade. In the context of a multisector trade model, we provide a tractable and flexible estimation procedure for correlation based on compressing highly disaggregate sectoral data into a few latent factors related to technology classes. We estimate significant heterogeneity in correlation across sectors and countries, which leads to quantitative predictions that are significantly different from estimates of models assuming independent productivity across sectors or countries.- Reproduced
773			_aThe American: Economic Reviews
906			_aTRADE
942			_cAR