{"id":"https://openalex.org/W2568418656","doi":"https://doi.org/10.1111/roie.12278","title":"A Solution to the Missing Globalization Puzzle by Non\u2010CES Preferences","display_name":"A Solution to the Missing Globalization Puzzle by Non\u2010CES Preferences","publication_year":2017,"publication_date":"2017-01-05","ids":{"openalex":"https://openalex.org/W2568418656","doi":"https://doi.org/10.1111/roie.12278","mag":"2568418656"},"language":"en","primary_location":{"id":"doi:10.1111/roie.12278","doi":"https://doi.org/10.1111/roie.12278","is_oa":false,"landing_page_url":"https://doi.org/10.1111/roie.12278","pdf_url":null,"source":{"id":"https://openalex.org/S71783669","display_name":"Review of International Economics","issn_l":"0965-7576","issn":["0965-7576","1467-9396"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a","anvur-class-a","anvur-scientific","cwts-core","erih-plus","jufo-1","norway-1","poland-100","russia-white-list-2","vabb-shw"],"host_organization":"https://openalex.org/P4310320595","host_organization_name":"Wiley","host_organization_lineage":["https://openalex.org/P4310320595"],"host_organization_lineage_names":["Wiley"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Review of International Economics","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5006322441","display_name":"Hakan Yilmazkuday Z","orcid":"https://orcid.org/0000-0002-8629-6230","observed_orcids":["https://orcid.org/0000-0002-8629-6230"]},"institutions":[{"id":"https://openalex.org/I19700959","display_name":"Florida International University","ror":"https://ror.org/02gz6gg07","country_code":"US","type":"education","lineage":["https://openalex.org/I19700959"]},{"id":"https://openalex.org/I27837315","display_name":"University of Michigan","ror":"https://ror.org/00jmfr291","country_code":"US","type":"education","lineage":["https://openalex.org/I27837315"]}],"countries":["US"],"is_corresponding":true,"raw_author_name":"Hakan Yilmazkuday","raw_affiliation_strings":["Department of Economics, Florida International University, Miami, FL, 33199 USA","The author would like to thank the editor, Edwin Lai, two anonymous referees and the participants at the Midwest International Economics Meetings, University of Michigan for valuable comments and suggestions. The usual disclaimer applies"],"raw_orcid":"https://orcid.org/0000-0002-8629-6230","affiliations":[{"raw_affiliation_string":"Department of Economics, Florida International University, Miami, FL, 33199 USA","institution_ids":["https://openalex.org/I19700959"]},{"raw_affiliation_string":"The author would like to thank the editor, Edwin Lai, two anonymous referees and the participants at the Midwest International Economics Meetings, University of Michigan for valuable comments and suggestions. The usual disclaimer applies","institution_ids":["https://openalex.org/I27837315"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":2,"corresponding_author_ids":["https://openalex.org/A5006322441"],"corresponding_institution_ids":["https://openalex.org/I19700959","https://openalex.org/I27837315"],"apc_list":{"value":3350,"currency":"USD","value_usd":3350},"apc_paid":null,"fwci":3.2021,"has_fulltext":false,"cited_by_count":14,"citation_normalized_percentile":{"value":0.92562147,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":89,"max":97},"biblio":{"volume":"25","issue":"3","first_page":"649","last_page":"676"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10128","display_name":"Global trade and economics","score":0.9990000128746033,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10128","display_name":"Global trade and economics","score":0.9990000128746033,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10393","display_name":"Economic Growth and Productivity","score":9.999999747378752e-05,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T14503","display_name":"Globalization, Economics, and Policies","score":9.999999747378752e-05,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/gravity-model","display_name":"gravity model","score":0.6489999890327454},{"id":"https://openalex.org/keywords/trade-integration","display_name":"trade integration","score":0.5429999828338623},{"id":"https://openalex.org/keywords/econometric-model-selection","display_name":"econometric model selection","score":0.5289999842643738}],"concepts":[{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.7653188705444336},{"id":"https://openalex.org/C2119116","wikidata":"https://www.wikidata.org/wiki/Q7181","display_name":"Globalization","level":2,"score":0.7030706405639648},{"id":"https://openalex.org/C121854251","wikidata":"https://www.wikidata.org/wiki/Q62932","display_name":"Elasticity (physics)","level":2,"score":0.6641283631324768},{"id":"https://openalex.org/C2781362084","wikidata":"https://www.wikidata.org/wiki/Q520134","display_name":"Constant elasticity of substitution","level":4,"score":0.6507924199104309},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.6174502372741699},{"id":"https://openalex.org/C2992128022","wikidata":"https://www.wikidata.org/wiki/Q5598083","display_name":"Gravity equation","level":4,"score":0.5572926998138428},{"id":"https://openalex.org/C87889798","wikidata":"https://www.wikidata.org/wiki/Q1543986","display_name":"Gravity model of trade","level":2,"score":0.530543863773346},{"id":"https://openalex.org/C97684219","wikidata":"https://www.wikidata.org/wiki/Q897261","display_name":"Elasticity of substitution","level":3,"score":0.4942629337310791},{"id":"https://openalex.org/C79876807","wikidata":"https://www.wikidata.org/wiki/Q3030660","display_name":"Geographical distance","level":3,"score":0.4416986405849457},{"id":"https://openalex.org/C100243477","wikidata":"https://www.wikidata.org/wiki/Q12002092","display_name":"Welfare","level":2,"score":0.4414397180080414},{"id":"https://openalex.org/C6422946","wikidata":"https://www.wikidata.org/wiki/Q857354","display_name":"Panel data","level":2,"score":0.41425657272338867},{"id":"https://openalex.org/C175444787","wikidata":"https://www.wikidata.org/wiki/Q39072","display_name":"Microeconomics","level":1,"score":0.3238324522972107},{"id":"https://openalex.org/C2780967403","wikidata":"https://www.wikidata.org/wiki/Q256330","display_name":"Bilateral trade","level":3,"score":0.24566650390625},{"id":"https://openalex.org/C155202549","wikidata":"https://www.wikidata.org/wiki/Q178803","display_name":"International trade","level":1,"score":0.20582729578018188},{"id":"https://openalex.org/C2778348673","wikidata":"https://www.wikidata.org/wiki/Q739302","display_name":"Production (economics)","level":2,"score":0.09667930006980896},{"id":"https://openalex.org/C121332964","wikidata":"https://www.wikidata.org/wiki/Q413","display_name":"Physics","level":0,"score":0.08062565326690674},{"id":"https://openalex.org/C17744445","wikidata":"https://www.wikidata.org/wiki/Q36442","display_name":"Political science","level":0,"score":0.0},{"id":"https://openalex.org/C149923435","wikidata":"https://www.wikidata.org/wiki/Q37732","display_name":"Demography","level":1,"score":0.0},{"id":"https://openalex.org/C34447519","wikidata":"https://www.wikidata.org/wiki/Q179522","display_name":"Market economy","level":1,"score":0.0},{"id":"https://openalex.org/C199539241","wikidata":"https://www.wikidata.org/wiki/Q7748","display_name":"Law","level":1,"score":0.0},{"id":"https://openalex.org/C191935318","wikidata":"https://www.wikidata.org/wiki/Q148","display_name":"China","level":2,"score":0.0},{"id":"https://openalex.org/C144024400","wikidata":"https://www.wikidata.org/wiki/Q21201","display_name":"Sociology","level":0,"score":0.0},{"id":"https://openalex.org/C2908647359","wikidata":"https://www.wikidata.org/wiki/Q2625603","display_name":"Population","level":2,"score":0.0},{"id":"https://openalex.org/C97355855","wikidata":"https://www.wikidata.org/wiki/Q11473","display_name":"Thermodynamics","level":1,"score":0.0}],"mesh":[],"locations_count":2,"locations":[{"id":"doi:10.1111/roie.12278","doi":"https://doi.org/10.1111/roie.12278","is_oa":false,"landing_page_url":"https://doi.org/10.1111/roie.12278","pdf_url":null,"source":{"id":"https://openalex.org/S71783669","display_name":"Review of International Economics","issn_l":"0965-7576","issn":["0965-7576","1467-9396"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a","anvur-class-a","anvur-scientific","cwts-core","erih-plus","jufo-1","norway-1","poland-100","russia-white-list-2","vabb-shw"],"host_organization":"https://openalex.org/P4310320595","host_organization_name":"Wiley","host_organization_lineage":["https://openalex.org/P4310320595"],"host_organization_lineage_names":["Wiley"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Review of International Economics","raw_type":"journal-article"},{"id":"pmh:oai:RePEc:bla:reviec:v:25:y:2017:i:3:p:649-676","doi":null,"is_oa":false,"landing_page_url":"http://hdl.handle.net/10.1111/roie.12278","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"}],"best_oa_location":null,"sustainable_development_goals":[],"sustainable_development_goals_aurora":[{"id":"https://metadata.un.org/sdg/17","score":0.44999998807907104,"display_name":"Partnerships for the goals"}],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":40,"referenced_works":["https://openalex.org/W1549679021","https://openalex.org/W1659181860","https://openalex.org/W1801655578","https://openalex.org/W1853260950","https://openalex.org/W1899759306","https://openalex.org/W1951741877","https://openalex.org/W1974187461","https://openalex.org/W1977853435","https://openalex.org/W1993315485","https://openalex.org/W1996537770","https://openalex.org/W2036454956","https://openalex.org/W2048759815","https://openalex.org/W2059447058","https://openalex.org/W2059449064","https://openalex.org/W2075626541","https://openalex.org/W2086045076","https://openalex.org/W2089722240","https://openalex.org/W2093316797","https://openalex.org/W2094948445","https://openalex.org/W2100130392","https://openalex.org/W2108580621","https://openalex.org/W2135296617","https://openalex.org/W2150851272","https://openalex.org/W2152065848","https://openalex.org/W2154151199","https://openalex.org/W2924331193","https://openalex.org/W3121245433","https://openalex.org/W3121781108","https://openalex.org/W3121858407","https://openalex.org/W3122019875","https://openalex.org/W3122251493","https://openalex.org/W3122435387","https://openalex.org/W3122592077","https://openalex.org/W3123232320","https://openalex.org/W3124265334","https://openalex.org/W3124540645","https://openalex.org/W3125195972","https://openalex.org/W3125483003","https://openalex.org/W3126112826","https://openalex.org/W6632968156"],"related_works":["https://openalex.org/W2186148919","https://openalex.org/W7097907473","https://openalex.org/W2137708567","https://openalex.org/W3125670256","https://openalex.org/W1993315485","https://openalex.org/W7096853320","https://openalex.org/W7096772855","https://openalex.org/W3138919768","https://openalex.org/W6981151251","https://openalex.org/W7097855986"],"abstract_inverted_index":{"Abstract":[0],"One":[1],"channel":[2],"of":[3,11,20,27,53,56,69,85,89,95,102,124,150,182],"welfare\u2010improving":[4],"globalization":[5],"is":[6,15,80,126,158],"through":[7],"the":[8,24,33,50,62,67,86,93,116,133,142,155,165],"increasing":[9],"integration":[10],"trade.":[12,96],"Although":[13],"this":[14,44,70],"attributed":[16],"to":[17,30,49,164],"decreasing":[18,91],"effects":[19],"distance":[21,87,122,148,156],"across":[22],"countries,":[23],"workhorse":[25],"models":[26],"gravity":[28,63,134],"fail":[29],"capture":[31],"it,":[32],"so\u2010called":[34],"\u201cmissing":[35],"globalization\u201d":[36],"or":[37],"\u201cdistance":[38],"puzzle.\u201d":[39],"This":[40],"paper":[41],"shows":[42],"that":[43,78,115,154],"puzzle":[45,157],"may":[46],"be":[47],"due":[48],"restricting":[51],"assumption":[52,71],"constant":[54,107],"elasticity":[55,88,123,149],"substitution":[57],"(CES)":[58],"preferences":[59,170,177],"working":[60],"behind":[61],"models.":[64],"We":[65,131],"test":[66],"validity":[68],"for":[72],"different":[73],"trade":[74,90,120,125,146],"intervals":[75],"and":[76,112,121,147,152],"show":[77,114,153],"it":[79],"violated":[81],"as":[82],"a":[83,100],"result":[84],"with":[92],"amount":[94],"Accordingly,":[97],"we":[98],"consider":[99],"type":[101],"non\u2010CES":[103],"utility":[104],"function,":[105],"namely":[106],"absolute":[108],"risk":[109],"version":[110],"(CARA),":[111],"analytically":[113],"negative":[117],"relation":[118,144],"between":[119,145],"captured":[127],"by":[128,137],"CARA":[129,138,161,169],"preferences.":[130,162],"estimate":[132],"equation":[135],"implied":[136],"preferences,":[139],"empirically":[140],"confirm":[141],"endogenous":[143],"trade,":[151],"solved":[159],"under":[160],"According":[163],"data":[166],"set":[167],"used,":[168],"are":[171],"also":[172],"econometrically":[173],"selected":[174],"over":[175],"CES":[176],"based":[178],"on":[179],"their":[180],"goodness":[181],"fit.":[183]},"counts_by_year":[{"year":2026,"cited_by_count":2},{"year":2023,"cited_by_count":1},{"year":2022,"cited_by_count":2},{"year":2021,"cited_by_count":4},{"year":2019,"cited_by_count":2},{"year":2018,"cited_by_count":2},{"year":2017,"cited_by_count":1}],"updated_date":"2026-10-30T12:39:25.321706","created_date":"2017-01-13T00:00:00"}
