Title: Welfare Gains from the Variety Growth
Authors: KANCS D'ARTISPERSYN DAMIAAN
Publisher: Publications Office of the European Union
Publication Year: 2019
JRC N°: JRC114590
ISBN: 978-92-79-99245-2 (online)
ISSN: 2467-2203 (online)
Other Identifiers: OP KJ-AE-19-001-EN-N (online)
URI: http://publications.jrc.ec.europa.eu/repository/handle/JRC114590
DOI: 10.2760/028399
Type: EUR - Scientific and Technical Research Reports
Abstract: We estimate the variety gains of trade in Estonia, Latvia and Lithuania following the fall of the iron curtain more than a quarter of a century ago. We apply the methodology of Feenstra (1994); Broda and Weinstein (2006); Ardelean and Lugovskyy (2010) and Soderbery (2015) to domestic and international trade data for the period 1988-1997. Although, there was a decline in the number of local varieties during this period, an increase in the number of import varieties from the EU more than outweighed this decline. The increasing variety of imported goods from EU countries substantially lowered the cost of living, resulting in welfare gains to consumers that range from 0.73% in Latvia to 1.28% of GDP per year in Estonia.
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