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Fidrmuc, Jan; Fidrmuc, Jarko - CESifo - 2014

foreign languages was not explored in the literature so far. We combine traditional gravity models with data on fluency in the …

Persistent link: https://www.econbiz.de/10010877678

Same Same But Different: Dialects and Trade

Lameli, Alfred; Nitsch, Volker; Suedekum, Jens; Wolf, … - CESifo - 2013

Language is a strong and robust determinant of international trade patterns: Countries sharing a common language trade significantly more with each other than countries using different languages, holding other factors constant. In this paper, we show that this trade-promoting effect of language...

Persistent link: https://www.econbiz.de/10010877639

Gravity Redux: Measuring International Trade Costs with Panel Data

Novy, Dennis - CESifo - 2011

Barriers to international trade are known to be large but due to data limitations it is hard to measure them directly for a large number of countries over many years. To address this problem I derive a micro-founded measure of bilateral trade costs that indirectly infers trade frictions from...

Persistent link: https://www.econbiz.de/10009351468

International Trade without CES: Estimating Translog Gravity

Novy, Dennis - CESifo - 2010

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 …. I test the translog gravity equation and find strong empirical support in its favor. …

Persistent link: https://www.econbiz.de/10008596576

Turkish Delight for Some, Cold Turkey for Others?: The Effects of the EU-Turkey Customs Union

Adam, Antonis; Moutos, Thomas - CESifo - 2005

Following Turkey’s application for EU membership in 1987, a Customs Union (CU) between Turkey and the EU, mainly covering trade in manufacturing goods and processed agricultural products, came into effect in 1995. In addition to a large agricultural sector, Turkey also specializes in the...

Persistent link: https://www.econbiz.de/10005094267

International Trade Integration: A Disaggregated Approach

Chen, Natalie; Novy, Dennis - CESifo - 2009

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/10005051566

Is the International Border Effect Larger than the Domestic Border Effect? Evidence from U.S. Trade

Coughlin, Cletus C.; Novy, Dennis - CESifo - 2009

Many studies have found that international borders represent large barriers to trade. But how do international borders compare to domestic border barriers? We investigate international and domestic border barriers in a unified framework. We consider a unique data set of exports from individual...

Persistent link: https://www.econbiz.de/10008583687

Exchange Rate Pass-Through, Domestic Competition, and Inflation: Evidence from the 2005/08 Revaluation of the Renminbi

Auer, Raphael A. - CESifo - 2012

This paper quantifies the effect of the government-controlled appreciation of the Chinese renminbi (RMB) vis-à-vis the USD from 2005 to 2008 on the prices charged by US producers. As the RMB during that time was pegged to a basket of currencies, the empirical strategy must account for the fact...

Persistent link: https://www.econbiz.de/10010535633

'By a Silken Thread': Regional Banking Integration and Pathways to Financial Development in Japan's Great Recession

Hoffmann, Mathias; Okubo, Toshihiro - CESifo - 2013

How do financial development and financial integration interact? We focus on Japan’s Great Recession after 1990 to study this question. Regional differences in banking integration affected how the recession spread across the country: financing frictions for credit-dependent firms were more...

Persistent link: https://www.econbiz.de/10010607005

Trade Intensity and Output Synchronisation: On the Endogeneity Properties of EMU

Caporale, Guglielmo Maria; Santis, Roberta De; Girardi, … - CESifo - 2013

Using annual bilateral data over the period 1988-2011 for a panel of 24 industrialised and emerging economies, we analyse in a time-varying framework the determinants of output synchronisation in EMU (European Monetary Union) distinguishing between core and peripheral member states. The results...

Persistent link: https://www.econbiz.de/10010634084

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