Showing 1 - 10 of 550
. Service trade, however, like goods trade, is subject to strong distance effects, implying that the remote supply of services … 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
How much of China’s recent economic performance can be attributed to market-oriented reforms introduced in the last two … decades? A long-run perspective may be important for understanding the process of economic development occurring today. This …
Persistent link: https://www.econbiz.de/10005136759
This paper derives a micro-founded gravity equation based on a translog demand system that allows for flexible substitution patterns across goods. In contrast to the standard CES-based gravity equation, translog gravity generates an endogenous trade cost elasticity. Trade is more sensitive to...
Persistent link: https://www.econbiz.de/10011083929
We examine whether financial sector integration leads to real sector integration through trade. Our conjecture is that banking integration between two regions leads to higher trade flows between them. In our stylized model, this happens because banks with presence in the two regions are better...
Persistent link: https://www.econbiz.de/10008466334
The paper estimates the effect of NAFTA’s rules of origin (ROO) on Mexican access to the US market treating explicitly the endogenous determination of ROOs. The first equation determines Mexico’s NAFTA (preferential) exports to the US as a function of tariff preference and Estevadeordal’s...
Persistent link: https://www.econbiz.de/10005662328
Broadly speaking, European integration affects growth by stimulating the accumulation of physical capital and/or knowledge capital (i.e. technology). This paper surveys existing empirical work on integration and growth concluding that there is strong evidence that trade liberalization promotes...
Persistent link: https://www.econbiz.de/10005666784
and economic growth. It examines a sequence of theoretical models that share a common description of technology and … explanations of income differences and long-run trends in economic growth. …
Persistent link: https://www.econbiz.de/10005666914
We work with a panel of bilateral trade flows from 1988 to 2002, exploring the influence of infrastructure, institutional quality, colonial and geographic context, and trade preferences on the pattern of bilateral trade. We are interested in threshold effects, and so emphasize those cases where...
Persistent link: https://www.econbiz.de/10005789157
How are the benefits - and costs - of a customs union divided between member countries? Outcomes depend on the comparative advantage of member countries, relative to each other and to the rest of the world. Countries with a comparative advantage between that of their partners and the rest of the...
Persistent link: https://www.econbiz.de/10005791189