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For the estimation of structural gravity models using PPML with countrypair, exportertime and importer-time effects it … predictions. The present contribution applies the constrained panel PPML estimator to reconsider the trade creation and trade …
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This paper on Trade Agreements within SSA, is an assessment of the ex post bilateral trade effect of the European Union-African Caribbean Pacific Preferential Trade Agreement (EU-ACP PTA) and sub-regional regional trade agreements (RTAs) on bilateral trade involving SSA countries. The main...
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How do trade costs affect international trade? This paper offers a new approach. We rely on a flexible gravity equation that predicts variable trade cost elasticities, both across and within country pairs. We apply this framework to the effect of currency unions on international trade. While we...
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Proper measurement and aggregation of trade costs is of paramount importance for sound academic and policy analysis of the determinants - particularly those of policy - of economic outcomes. The international trade profession has witnessed significant new developments, both on the theoretical...
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panel econometric generic structure. The issues covered range from the estimation of double-indexed versus higher …One of the oldest and largest literatures in empirical economics is concerned with the estimation of demand and supply … across pairs or regional units or even across cross-sectional units and time inevitably leads to a panel data structure of …
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