000			01077nam a22001457a 4500
999			_c522865 _d522865
008			230609b ||||| |||| 00| 0 eng d
100			_aBoehm, C., Levchenko, A.A. and Nayar, N.P. _941681
245			_aThe long and short (run) of trade elasticities
260			_aThe American Economic Review
300			_a113(4), Apr, 2023: p.861-905
520			_aWhen countries change most favored nation (MFN) tariffs, partners that trade on MFN terms experience plausibly exogenous tariff changes. Using this variation, we estimate the trade elasticity at short and long horizons with local projections. We find that the elasticity of tariff-exclusive trade flows is −0.76 in the short run, and approximately −2 in the long run. Our long-run estimates are smaller than typical in the literature, and it takes 7 to10 years to converge to the long run, implying that (i) the welfare gains from trade are high and (ii) there are substantial convexities in the costs of adjusting exports.- Reproduced
773			_aThe American Economic Review
906			_aTRADE
942			_cAR