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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

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

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

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

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

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

Geography, Trade and Currency Union

Melitz, Jacques - C.E.P.R. Discussion Papers - 2001

This Paper reports on four basic results of tests of the standard gravity equation. First, geography can serve to …

Persistent link: https://www.econbiz.de/10005656466

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

One Reason Countries Pay Their Debts: Renegotiation and International Trade

Rose, Andrew K - C.E.P.R. Discussion Papers - 2002

trade finance dries up after default. To estimate the effect, I use an empirical gravity model of bilateral trade and a …

Persistent link: https://www.econbiz.de/10005788986

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