Showing 1 - 10 of 16,980
Persistent link: https://www.econbiz.de/10012130328
The consequences of regional trade agreements (RTAs) on countries׳ welfare are disputed. In this paper, we assess these effects using stock returns from a recent data set that spans over 200 RTA announcements, 80 economies, and 20 years. We measure the effects of news concerning RTAs on the...
Persistent link: https://www.econbiz.de/10011048546
Do international trade and finance flow together? In theory, trade and finance can be substitutes or complements, so the matter must be resolved empirically. We study trade and financial flows from the United Kingdom from 1870 to 1913 and the United States in the interwar years. Trade and...
Persistent link: https://www.econbiz.de/10005504376
and cultural distance between FDI source and host countries to measure exogenous time-varying changes in FDI inflows. We …
Persistent link: https://www.econbiz.de/10005504415
. Service trade, however, like goods trade, is subject to strong distance effects, implying that the remote supply of services … remains limited. We investigate this proposition by deriving a gravity-like equation for service trade and estimating it for a … large sample of countries and different categories of service trade. We find that distance costs are high but are declining …
Persistent link: https://www.econbiz.de/10005666777
It is generally assumed that distance in the gravity model strictly reflects frictions impeding bilateral trade … trade. This paper investigates the hypothesis that if we control for distance in the ordinary sense, differences North … influence of distance that has been occurring since World War II. This last hypothesis receives confirmation as well. Finally …
Persistent link: https://www.econbiz.de/10005792460
Distance effects in gravity equations are high and are not decreasing over time. Given that technical change in … are increasing in distance. This creates an additional effect of distance on aggregate trade flows: while the intensive … margin of trade is unaffected, the extensive margin is magnified. This magnification leads to higher predicted distance …
Persistent link: https://www.econbiz.de/10010574429
This paper presents new estimates of country-specific international transport costs for 21 OECD countries over the period 1973-2005. The methodology is based on direct measures of air, maritime, and road transport costs rather than on cif/fob ratios or other balance of payments data employed in...
Persistent link: https://www.econbiz.de/10005045702
Have you ever wondered what a term in international economics means? This useful reference book offers a glossary of terms in both international trade and international finance, with emphasis on economic issues. It is intended for students getting their first exposure to international economics,...
Persistent link: https://www.econbiz.de/10011156382
The following sections are included:Edgeworth Production BoxIntegrated World Economy DiagramIS-LM-BP DiagramLerner DiagramOffer Curve DiagramSpecific-Factors ModelTariff in Partial EquilibriumTrade and Transformation Curve Diagram
Persistent link: https://www.econbiz.de/10011206500