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"The authors determine how time delays affect international trade using newly collected World Bank data on the days it takes to move standard cargo from the factory gate to the ship in 126 countries. They estimate a modified gravity equation, controlling for endogeneity and remoteness. On...
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"The United States imports around 25 percent of its merchandise under some form of preferential trade regime. The authors examine both the origins and consequences of U.S. trade preferences in the context of the gravity model of international trade. First, they provide estimates of the impact of...
Persistent link: https://www.econbiz.de/10010522668
The objective of this study is to assess the impact of the East-West Highway improvement program on Georgia's ability to access international markets. As highlighted extensively in the literature, improving transport infrastructure and the efficiency of the logistics sector can help countries...
Persistent link: https://www.econbiz.de/10012644483
"The home equity bias is one of the many puzzles existing in international finance. This puzzle is characterized by the …-Ortega tries to explain the effect of asymmetric information in the home equity bias puzzle. While asymmetric information helps to … also consistent with home equity bias reversals. One proposition generalizes these results. Simulations corroborate the …
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By 2025, six major emerging economies--Brazil, China, India, Indonesia, South Korea, and Russia--will account for more than half of all global growth, and the international monetary system will no longer be dominated by a single currency. As economic power shifts, these successful economies will...
Persistent link: https://www.econbiz.de/10011393643
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"This paper examines the impact of trade facilitation on intra-African trade. The authors examine the role of trade facilitation reforms, such as increased port efficiency, improved customs, and regulatory environments, and upgrading services infrastructure on trade between African countries....
Persistent link: https://www.econbiz.de/10010520969