. By using data on the number of bilaterally traded products we improve on identification and allow estimation of the … heteroscedasticity bias is large and important. -- gravity estimation ; heteroscedasticity in data ; intensive and extensive margin …

We estimate that the euro has increased trade within the eurozone by about 26 per cent and trade between the eurozone …, indicating significant and substantial effects on the extensive margin of trade. The euro effects were concentrated to semi …

. By using data on the number of bilaterally traded products we improve on identification and allow estimation of the …