Showing 1 - 10 of 74
effects of integration but more pronounced labour market effects from immigration. …
Persistent link: https://www.econbiz.de/10005406035
Barriers to international trade are known to be large but due to data limitations it is hard to measure them directly … trade costs that indirectly infers trade frictions from observable trade data. I show that this trade cost measure is … consistent with a broad range of leading trade theories including Ricardian and heterogeneous firms models. In an application I …
Persistent link: https://www.econbiz.de/10009351468
The proposed Transatlantic Trade and Investment Partnership (TTIP) between the European Union and the United States of … America would be the largest preferential trade agreement in the world. Encompassing almost half of world GDP, it will have … strong economic effects on Germany. In this paper, we put this trade policy initiative in its broader perspective. We argue …
Persistent link: https://www.econbiz.de/10011120476
Quantitative results from a large class of international trade models depend critically on the elasticity of trade with … respect to trade frictions. We develop a simulated method of moments estimator to estimate this elasticity from disaggregate … price and trade-flow data using the Ricardian model. We motivate our estimator by proving that the estimator developed in …
Persistent link: https://www.econbiz.de/10008853860
Language is a strong and robust determinant of international trade patterns: Countries sharing a common language trade … that this trade-promoting effect of language is likely to reflect cultural ties, rather than lower costs of communication … local dialect between regions have a sizable and significant positive impact on intra-national trade. We interpret this …
Persistent link: https://www.econbiz.de/10010877639
Firms adjust to differences in market size and demand uncertainty by changing the frequency and size of their export shipments. In our inventory model, transportation costs and optimal shipment frequency are determined on the basis of demand as well as inventory and per shipments costs. Using a...
Persistent link: https://www.econbiz.de/10010877733
This paper derives a micro-founded gravity equation in general equilibrium based on a translog demand system that … allows for endogenous markups and substitution patterns across goods. In contrast to standard CES-based gravity equations …, trade is more sensitive to trade costs if the exporting country only provides a small share of the destination country …
Persistent link: https://www.econbiz.de/10008596576
Gravity models of international trade have been frequently applied to estimate the impact of common (official or spoken …) language on bilateral trade. This study provides a meta-analysis based on 701 language effects collected from 81 academic … articles. On average, a common (official or spoken) language increases trade flows directly by 44%. …
Persistent link: https://www.econbiz.de/10009399661
This paper uses a gravity framework to investigate the effects of distance as well as subnational and national borders …
Persistent link: https://www.econbiz.de/10005000385
a gravity analysis, we show that current cross-regional migration is positively affected by historical dialect …
Persistent link: https://www.econbiz.de/10008583636