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Macroeconomic Potentials of Transatlantic Free Trade : A High Resolution Perspective for Europe and the World

Felbermayr, Gabriel J. - 2014

since the Uruguay Round (1986 to 1994). It would create a free trade zone covering 45% of world GDP. However, critics … gains for Germany (3.5%), Europe (3.9%), and the world (1.6%), but that it could also harm third countries …

Persistent link: https://www.econbiz.de/10013044668

Natural Disasters and the Effect of Trade on Income : A New Panel IV Approach

Felbermayr, Gabriel J. - 2011

Does trade openness cause higher GDP per capita? Since the seminal instrumental variables (IV) estimates of Frankel and Romer [F&R](1999) important doubts have surfaced. Is the correlation spurious and driven by omitted geographical and institutional variables? In this paper, we generalize F&R's...

Persistent link: https://www.econbiz.de/10013121825

Transatlantic Free Trade : The View Point of Germany

Felbermayr, Gabriel J. - 2015

America would be the largest preferential trade agreement in the world. Encompassing almost half of world GDP, it will have …

Persistent link: https://www.econbiz.de/10013030304

Going Deep : The Trade and Welfare Effects of TTIP

Aichele, Rahel - 2015

rest of the world relative to the status quo. However, there is substantial heterogeneity across the 134 geographical …

Persistent link: https://www.econbiz.de/10013030303

Kyoto and Carbon Leakage : An Empirical Analysis of the Carbon Content of Bilateral Trade

Aichele, Rahel; Felbermayr, Gabriel J. - 2021

Has the Kyoto Protocol induced carbon leakage? We conduct the first empirical ex-post evaluation of the Protocol. We derive a theoretical gravity equation for the CO2 content of trade, which accounts for intermediate inputs, both domestic and imported. The structure of our new panel database of...

Persistent link: https://www.econbiz.de/10013315947

Does WTO Membership Make a Difference at the Extensive Margin of World Trade?

Felbermayr, Gabriel J. - 2007

estimation approach, we find that WTO membership has promoted world trade to a larger extent than Rose's results seem to indicate …In his seminal paper, Rose (2004) concluded from a gravity-type study of bilateral trade that the GATT/WTO does not … zero trade and leaves room for WTO membership to promote trade at the extensive margin of trade. Relying on a Tobit …

Persistent link: https://www.econbiz.de/10012777730

Icebergs Versus Tariffs : A Quantitative Perspective on the Gains from Trade

Felbermayr, Gabriel J. - 2013

Recent quantitative trade models treat import tariffs as pure cost shifters so that their effects are similar to iceberg trade costs. We introduce revenue-generating import tariffs, which act as demand shifters, into the framework of Arkolakis, Costinot and Rodriguez-Clare (2012), and generalize...

Persistent link: https://www.econbiz.de/10013083872

Firm Dynamics and Residual Inequality in Open Economies

Felbermayr, Gabriel J. - 2016

Increasing wage inequality between similar workers plays an important role for overall inequality trends in industrialized societies. To analyze this pattern, we incorporate directed labor market search into a dynamic model of international trade with heterogeneous firms and homogeneous workers....

Persistent link: https://www.econbiz.de/10013006606

Unemployment in an Interdependent World

Felbermayr, Gabriel J. - 2010

We introduce search and matching unemployment into a model of trade with differentiated goods and heterogeneous firms. Countries may differ with respect to size, geographical location, and labor market institutions. Contrary to the literature, our single-sector perspective pays special attention...

Persistent link: https://www.econbiz.de/10013150804

Naturally Negative : The Growth Effects of Natural Disasters

Felbermayr, Gabriel J. - 2013

Growth theory predicts that natural disasters should, on impact, lower GDP per capita. However, the empirical literature does not offer conclusive evidence. Most existing studies use disaster data drawn from damage records of insurance companies. We argue that this may lead to estimation bias as...

Persistent link: https://www.econbiz.de/10013073607