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On the Measurement of Trade Costs: Direct vs. Indirect Approaches to Quantifying Standards and Technical Regulations
Chen, Natalie; Novy, Dennis - C.E.P.R. Discussion Papers - 2012
used as regressors in a gravity equation of trade. Instead, the indirect approach infers the extent of trade impediments …
Persistent link: https://www.econbiz.de/10011083427
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International Trade Integration: A Disaggregated Approach
Chen, Natalie; Novy, Dennis - C.E.P.R. Discussion Papers - 2008
This paper investigates the sources and size of trade barriers at the industry level. We derive a micro-founded measure of industry-specific bilateral trade integration that has an in-built control for time-varying multilateral resistance. This trade integration measure is consistent with a...
Persistent link: https://www.econbiz.de/10005792535
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Cross-Border Mergers & Acquisitions and the Role of Trade Costs
Görg, Holger; Hijzen, Alexander; Manchin, Miriam - C.E.P.R. Discussion Papers - 2007
Cross-border mergers and acquisitions (M&As) have increased dramatically over the last two decades. This paper analyses the role of trade costs in explaining the increase in the number of cross-border mergers and acquisitions. In particular, we distinguish horizontal and non-horizontal M&As and...
Persistent link: https://www.econbiz.de/10005067607
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Market Access in Global and Regional Trade
de Sousa, José; Mayer, Thierry; Zignago, Soledad - C.E.P.R. Discussion Papers - 2012
This paper develops a method to measure difficulties in market access over a large set of industries and countries (both developing and developed), during the period 1980-2006. We use a micro-founded heterogeneous-consumers model to estimate the impact of national borders on global and regional...
Persistent link: https://www.econbiz.de/10011083529
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International Trade without CES: Estimating Translog Gravity
Novy, Dennis - C.E.P.R. Discussion Papers - 2012
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 … trade flows predicted to be zero. I test the translog gravity equation and find empirical evidence that is in many ways …
Persistent link: https://www.econbiz.de/10011083929
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The Margins of Multinational Production and the Role of Intra-firm trade
Irarrazabal, Alfonso; Moxnes, Andreas; Opromolla, Luca David - C.E.P.R. Discussion Papers - 2009
In this paper we ask why the gravity model of international trade also work well for foreign direct investment (FDI … source inputs from the headquarters. Under certain parameter values, the model will generate gravity relationships for both …
Persistent link: https://www.econbiz.de/10005114237
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Skill Premium and Trade Puzzles: A Solution Linking Production and Preferences
Caron, Justin; Fally, Thibault; Markusen, James R. - C.E.P.R. Discussion Papers - 2012
International trade theory is a general-equilibrium discipline, yet most of the standard portfolio of research focuses on the production side of general equilibrium. In addition, we do not have a good understanding of the relationship between characteristics of goods in production and...
Persistent link: https://www.econbiz.de/10011084527
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North, South and Distance in the Gravity Model
Melitz, Jacques - C.E.P.R. Discussion Papers - 2005
It is generally assumed that distance in the gravity model strictly reflects frictions impeding bilateral trade …
Persistent link: https://www.econbiz.de/10005792460
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Je T'aime, Moi Non Plus: Bilateral Opinions and International Trade
Disdier, Anne-Célia; Mayer, Thierry - C.E.P.R. Discussion Papers - 2005
This paper studies the relationship between bilateral trade patterns and opinions. It uses the Eurobarometer public opinion surveys published by the European Commission, which provide data on the share of the population in each EU member country in favour of each CEEC joining the EU. Our results...
Persistent link: https://www.econbiz.de/10005792479
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How Remote is the Offshoring Threat?
Head, Keith; Mayer, Thierry; Ries, John - C.E.P.R. Discussion Papers - 2007
remains limited. We investigate this proposition by deriving a gravity-like equation for service trade and estimating it for a …
Persistent link: https://www.econbiz.de/10005666777