Showing 1 - 10 of 180
The Paper studies determinants of internal migration in Russia. Using panel data on gross region-to-region migration … flows in 1992-99, we estimate the effect of economic, political and social factors. Although overall migration is rather low … prosperous both in terms of employment prospects and public goods. Migration is, however, constrained by the lack of liquidity …
Persistent link: https://www.econbiz.de/10005067381
countries. Information is available on overall moves (1981–95) and asylum migration (1984–95). The estimation results confirm … international migration from developing to developed countries. In addition, we look at the relationship between trade, development … and migration. Empirical studies focusing on international migration from Less Developed Countries (LDCs) are, so far …
Persistent link: https://www.econbiz.de/10005792254
Advocates of antidumping (AD) laws downplay their effects by arguing that the trade flows that are subject to AD are small and their distortions negligible. This paper is the first to counter that notion by quantifying the worldwide effect of AD laws on aggregate trade flows. The recent...
Persistent link: https://www.econbiz.de/10005666688
This Paper asks the question of the impact of institutions on trade and tries to estimate the potential for trade increase between CIS, Central Eastern European countries and the EU. The latter is computed using the gravity equation and the procedure introduced by Hausman and Taylor (1981). It...
Persistent link: https://www.econbiz.de/10005791826
This paper provides a minimalist derivation of the gravity equation and uses it to identify three common errors in the literature, what we call the gold, silver and bronze medal errors. The paper provides estimates of the size of the biases taking the currency union trade effect as an example....
Persistent link: https://www.econbiz.de/10005791995
This paper presents a model of international portfolio choice based on the pattern of comparative advantage in goods trade. Countries have varying degrees of similarity in their factor endowment ratios, and are subject to aggregate productivity shocks. Risk averse consumers can insure against...
Persistent link: https://www.econbiz.de/10005792180
Based on the estimation of a theoretically consistent gravity equation, together with a careful computation of …
Persistent link: https://www.econbiz.de/10005792246
counter-cyclical policies; (iii) in a world of increasing financial instability, only corner solutions are feasible; (iv) last …
Persistent link: https://www.econbiz.de/10005136519
Although economists have long been aware of Jensen's inequality, many econometric applications have neglected an important implication of it: the standard practice of interpreting the parameters of log-linearized models estimated by ordinary least squares as elasticities can be highly misleading...
Persistent link: https://www.econbiz.de/10005136746
This paper analyzes the determinants of cross-border asset trade on cross-country data and a Swedish data set. We focus our analysis on the effect of the euro for the determinants of bond trade, equity and banking assets. With the help of a theoretical model, we attempt to disentangle the...
Persistent link: https://www.econbiz.de/10005497990