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Two-sided Heterogeneity and Trade
Bernard, Andrew B.; Moxnes, Andreas; Ulltveit-Moe, … - C.E.P.R. Discussion Papers - 2013
Empirical studies of firms within industries consistently report substantial heterogeneity in measures of performance such as size and productivity. This paper explores the consequences of joint heterogeneity on the supply side (sellers) and the demand side (buyers) in international trade using...
Persistent link: https://www.econbiz.de/10011084201
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International Trade, Factor Mobility and Trade Costs
Norman, Victor D; Venables, Anthony J - C.E.P.R. Discussion Papers - 1993
We consider a Heckscher-Ohlin model in which goods and factors of production can be traded, but trade involves transactions costs. Goods trade alone will not equalize factor prices, so there is an incentive for trade in factors of production. Whether goods or factors are traded depends on...
Persistent link: https://www.econbiz.de/10005123958
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Rules of Origin in North-South Preferential Trading Arrangements with an Application to NAFTA
Anson, José; Cadot, Olivier; de Melo, Jaime; … - C.E.P.R. Discussion Papers - 2003
All preferential trading agreements (PTAs) short of a customs union use Rules of Origin (RoO) to prevent trade deflection. RoO raise production costs and create administrative costs. This Paper argues that in the case of the recent wave of North-South PTAs, the presence of RoO virtually limits...
Persistent link: https://www.econbiz.de/10005136492
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The Log of Gravity
Santos Silva, J.M.C; Tenreyro, Silvana - C.E.P.R. Discussion Papers - 2005
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
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Missing Gains from Trade?
Melitz, Marc J; Redding, Stephen J. - C.E.P.R. Discussion Papers - 2014
The theoretical result that there are welfare gains from trade is a central tenet of international economics. In a class of trade models that satisfy a "gravity equation", the welfare gains from trade can be computed using only the open economy domestic trade share and the elasticity of trade...
Persistent link: https://www.econbiz.de/10011083222
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Ricardo's Theory of Comparative Advantage: Old Idea, New Evidence
Costinot, Arnaud; Donaldson, Dave - C.E.P.R. Discussion Papers - 2012
replied: `Ricardo's theory of comparative advantage'. Truth, however, in Samuelson's reply refers to the fact that Ricardo …'s theory of comparative advantage is mathematically correct, not that it is empirically valid. The goal of this paper is to … output predicted by Ricardo's theory of comparative advantage. Despite all of the real-world considerations from which this …
Persistent link: https://www.econbiz.de/10011083983
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Comparative Advantage and Optimal Trade Policy
Costinot, Arnaud; Donaldson, Dave; Vogel, Jonathan; … - C.E.P.R. Discussion Papers - 2013
The theory of comparative advantage is at the core of neoclassical trade theory. Yet we know little about its …
Persistent link: https://www.econbiz.de/10011083995
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The Customs Union issue: Why do we observe so few of them?
Facchini, Giovanni; Silva, Peri; Willmann, Gerald - C.E.P.R. Discussion Papers - 2012
The number of preferential trade agreements has greatly increased over the past two decades, yet most existing arrangements take the form of free trade areas, and less than ten percent can be considered to be fully fledged customs unions. This paper develops a political economy model of trade...
Persistent link: https://www.econbiz.de/10011084061
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Market Access for Sale: Latin America's Lobbying for US Tariff Preferences
Kee, Hiau Looi; Olarreaga, Marcelo; Silva, Peri - C.E.P.R. Discussion Papers - 2003
This Paper assesses the foreign lobbying forces behind the tariff preferences that the United States grants to Latin American countries. The basic framework is one developed by Grossman and Helpman (1994) that is extended to explain the relationship between foreign lobbying and tariff...
Persistent link: https://www.econbiz.de/10005666749
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Tariff Evasion and Customs Corruption: Does PSI Help?
Anson, José; Cadot, Olivier; Olarreaga, Marcelo - C.E.P.R. Discussion Papers - 2003
This Paper provides a new approach to the evaluation of pre-shipment inspection (PSI) programs as ways of improving tariff-revenue collection and reducing fraud when customs administrations are corrupt. We build a model highlighting the contribution of surveillance firms to the generation of...
Persistent link: https://www.econbiz.de/10005667042