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and trade finance, particularly those receiving trade loans. Results show that a percent increase in trade finance loan is … associated with 0.067-0.083 percent increase in export earnings depending on the model. When we proxy trade finance by the sum of … trade finance loans and export-adjusted notes receivable, elasticity estimates range between 0.18-0.31 depending on the …
Persistent link: https://www.econbiz.de/10014634742
We build a model of tacit collusion between firms that operate in multiple markets to study the effects of trade costs … strategically linked via the incentive compatibility constraint. Importantly, trade costs affect cartel shipments and welfare not … only directly but also indirectly through discipline. Using extensive data on international cartels, we find that trade …
Persistent link: https://www.econbiz.de/10012926563
1697 goods originating in 112 countries, to analyse the impact on Canadian imports of interwar Canadian trade policy …, including the 1932 Ottawa trade agreements. Rather than use a dummy variable approach, we compute the impact of individual … tariffs which varied substantially across goods, trade partners, and time. We develop a novel method of controlling for …
Persistent link: https://www.econbiz.de/10014356600
trade. We also obtain estimates of the effects on trade of the 2014 sanctions on Russia …
Persistent link: https://www.econbiz.de/10014241203
structural gravity model. To test the ETWFE, we estimate the effects of regional trade agreements (RTAs). The results suggest … expect the ETWFE methods to have significant implications for the estimates of other policy variables in the trade literature …
Persistent link: https://www.econbiz.de/10014431432
structural gravity model. To test the ETWFE, we estimate the effects of regional trade agreements (RTAs). The results suggest … expect the ETWFE methods to have significant implications for the estimates of other policy variables in the trade literature …
Persistent link: https://www.econbiz.de/10014435475
Capitalizing on the latest developments in the gravity literature, we utilize two new datasets on sanctions and trade … to study the impact of economic sanctions on international trade in the mining sector, which includes oil and natural gas …. We demonstrate that the gravity equation is well suited to model bilateral trade in mining and find that sanctions have …
Persistent link: https://www.econbiz.de/10013246911
We propose a simple and flexible econometric approach to quantify ex-ante the “deep” impact of trade liberalization and … measure of the change in bilateral trade costs in response to a hypothetical policy change. To demonstrate the effectiveness … of our methods, we focus on the integration between the countries from the Central European Free Trade Agreement (CEFTA …
Persistent link: https://www.econbiz.de/10013216771
We propose a simple method to identify the effects of unilateral and non-discriminatory trade policies on bilateral … trade within a theoretically-consistent empirical gravity model. Specifically, we argue that structural gravity estimations … should be performed with data that include not only international trade flows but also intra-national trade flows. The use of …
Persistent link: https://www.econbiz.de/10011750135
Bilateral trade balances often play an important role in the international trade policy debate. Academic economists … understand that they are misleading indicators of competitiveness and of the gains from trade. However, they also recognize their … (2002) argue that the canonical gravity model of trade fails when confronted with bilateral trade balances data, dubbing …
Persistent link: https://www.econbiz.de/10012064371