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The Magnitude and Distance Decay of Trade in Goods and Services: New Evidence for European Countries
Burger, Martijn J.; Thissen, Mark; Oort, Frank G. van; … - Tinbergen Instituut - 2014
Using a newly assembled, consistent and disaggregated dataset (12 goods and 7 services) on internal and bilateral trade for 25 European countries, we analyse the difference between trade in goods and services. The measurement of both trade in goods and trade in services is improved over earlier...
Persistent link: https://www.econbiz.de/10011256784
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Spurious Regression, Cointegration, and Near Cointegration: A Unifying Approach
Haldrup, Niels; Jansson, Michael - Tinbergen Instituut - 1999
cointegration are provided. As a first application, we give analyticalcorroboration of the conjecture that the finite sample … coefficient. Hence, the notionof near cointegration helps to bridge the gap between the polar cases ofspurious regression and … cointegration. Secondly, we characterize theproperties of conventional cointegration methods under near cointegration …
Persistent link: https://www.econbiz.de/10011257374
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Optimal Hedging with the Vector Autoregressive Model
Gatarek, Lukasz; Johansen, Søren - Tinbergen Instituut - 2014
with general cointegration rank. Our hedge is optimal in the sense of minimum variance portfolio. We consider a model that … correlation and cointegration parameters. For short holding periods the correlation impact is predominant. For long horizons, the … hedge ratio should overweight the cointegration parameters rather then short-run correlation information. In the innite …
Persistent link: https://www.econbiz.de/10011257633
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Cross-border Mergers and Acquisitions: On Revealed Comparative Advantage And Merger Waves
Brakman, Steven; Garretsen, Harry; Marrewijk, Charles van - Tinbergen Instituut - 2007
By combining two large data sets (on international trade flows and cross-border mergers and acquisitions – M&As), we test two implications of Neary’s (2003, 2007) general oligopolistic equilibrium (GOLE) model (incorporating strategic interaction between firms in a general equilibrium...
Persistent link: https://www.econbiz.de/10011255575
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Productivity Gains from Offshoring: an Empirical Analysis for the Netherlands
Butter, Frank A.G. den; Pattipeilohy, Christiaan - Tinbergen Instituut - 2007
A major question in the globalization debate is whether outsourcing and offshoring activities are beneficial to the home country. This paper investigates the effects on productivity and trade from the perspective of transaction costs, using a recent theory on trade in tasks. A production...
Persistent link: https://www.econbiz.de/10011255886
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Business Cycles, the Current Account, and Administered Protection in Mexico
Francois, Joseph; Niels, Gunnar - Tinbergen Instituut - 2003
Antidumping actions in the United States and EU are knownto be linked to macroeconomic conditions. In part, this is becausepositive injury findings may be easier to make in a downturn. Weexplore the evidence for Mexico, one of the main "new" antidumpingusing countries. Injury determination is...
Persistent link: https://www.econbiz.de/10011256114
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Trade, Trust and Transaction Cost
Butter, Frank A.G. den; Mosch, Robert H.J. - Tinbergen Instituut - 2003
Transaction costs are a major reason why international trade flows are much smaller than traditional trade theory would suggest. Trust between trading partners lowers transaction costs and may therefore enhance trade. The empirical analysis of this paper shows that more trust leads to more trade...
Persistent link: https://www.econbiz.de/10011256716
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Political Influence in a New Antidumping Regime: Evidence from Mexico
Francois, Joseph F.; Niels, Gunnar - Tinbergen Instituut - 2004
We examine the role of political factors in Mexico’s antidumping regime, considering both the characteristics of target countries subject to antidumping duties and industry-specific factors for sectors receiving protection. Our results are broadly consistent with the recent theoretical...
Persistent link: https://www.econbiz.de/10011257095
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Trade Reform and Labor Market Dynamics
Botman, Dennis P.J.; Tieman, Alexander F. - Tinbergen Instituut - 1999
We present an equilibrium-search model with heterogenous workers whosearch for a job in one of two sectors and who lose part of theirskills during unemployment. We show that an import tariff increasethe wage and the employment prospects in the protected sector. Thisresults in a labor market...
Persistent link: https://www.econbiz.de/10011257655
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International Technology Diffusion of Joint and Cross-border Patents
Chang, Chia-Lin; McAleer, Michael; Tang, Ju-Ting - Tinbergen Instituut - 2013
With the advent of globalization, economic and financial interactions among countries have become widespread. Given technological advancements, the factors of production can no longer be considered to be just labor and capital. In the pursuit of economic growth, every country has sensibly...
Persistent link: https://www.econbiz.de/10011255716