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The Distance Effect and the Regionalization of the Trade of Low-Income Countries
Carrère, Céline; de Melo, Jaime; Wilson, John - C.E.P.R. Discussion Papers - 2009
The “distance effect” measuring the elasticity of trade flows to distance has been to be rising since the early 1970s in a host of studies based on the gravity model, leading observers to call it the “distance puzzle”. We review the evidence and explanations. Using an extensive data set...
Persistent link: https://www.econbiz.de/10008528539
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International Trade and Finance under the Two Hegemons: Complementarities in the United Kingdom (1870-1913) and the United States (1920-30)
Taylor, Alan M.; Wilson, Janine - C.E.P.R. Discussion Papers - 2006
Do international trade and finance flow together? In theory, trade and finance can be substitutes or complements, so the matter must be resolved empirically. We study trade and financial flows from the United Kingdom from 1870 to 1913 and the United States in the interwar years. Trade and...
Persistent link: https://www.econbiz.de/10005504376
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Neoclassical Growth and Commodity Trade
Cuñat, Alejandro; Maffezzoli, Marco - C.E.P.R. Discussion Papers - 2002
We construct and numerically solve a dynamic Heckscher-Ohlin model in which the initial distribution of production factors in the world makes worldwide factor price equalization impossible, and leads countries to group in two diversification cones. We study the dynamics of income per capita and...
Persistent link: https://www.econbiz.de/10005504435
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Global View of Economic Growth
Ventura, Jaume - C.E.P.R. Discussion Papers - 2005
This paper integrates in a unified and tractable framework some of the key insights of the field of international trade and economic growth. It examines a sequence of theoretical models that share a common description of technology and preferences but differ on their assumptions about trade...
Persistent link: https://www.econbiz.de/10005666914
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Accession to the WTO and EU Enlargement: What Potential for Trade Increase?
Koukhartchouk, Oxana; Maurel, Mathilde - C.E.P.R. Discussion Papers - 2003
increase between CIS, Central Eastern European countries and the EU. The latter is computed using the gravity equation and the … destruction effect, which implies that trade with EU countries could increase in the long-run in proportion to this trade … destruction effect. Furthermore, institutions matter, and the convergence of institutional variables towards the EU standards …
Persistent link: https://www.econbiz.de/10005791826
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Disintegration
Djankov, Simeon; Freund, Caroline - C.E.P.R. Discussion Papers - 2000
We study the effects of trade barriers and the persistence of past linkages on trade flows in the former Soviet Union (FSU). Estimating a gravity equation on 1987-1996 trade among and between nine Russian regions and fourteen FSU republics, we find that Russian regions traded 60 percent more...
Persistent link: https://www.econbiz.de/10005661817
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Does Trade Cause Capital to Flow? Evidence from Historical Rainfalls
Kalemli-Ozcan, Sebnem; Nikolsko-Rzhevskyy, Alex - C.E.P.R. Discussion Papers - 2011
Estimating the effect of trade on capital flows is difficult given the inherent identification problem. We use fluctuations in rainfall to capture the exogenous variation in trade between Germany, France, the U.K., and the Ottoman Empire during 1859-1913. The provisionistic policy of the Ottoman...
Persistent link: https://www.econbiz.de/10009283394
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Language and Foreign Trade
Melitz, Jacques - C.E.P.R. Discussion Papers - 2002
The significance of a common language in foreign trade hinges on translation as well as the ability to communicate directly. In fact, without admitting the facility of translation from one or two selected languages, it is impossible to explain adequately the impact of a common language on...
Persistent link: https://www.econbiz.de/10005123599
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Markets in China and Europe on the Eve of the Industrial Revolution
Keller, Wolfgang; Shiue, Carol Hua - C.E.P.R. Discussion Papers - 2004
Current orthodoxy suggests that the Industrial Revolution began in Europe because European institutions promoted comparatively high levels of market efficiency. This Paper compares the actual efficiency of markets in Europe and China, two regions of the world that were relatively advanced in the...
Persistent link: https://www.econbiz.de/10005114184
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Native language, spoken language, translation and trade
Melitz, Jacques; Toubal, Farid - C.E.P.R. Discussion Papers - 2012
We construct new series for common native language and common spoken language for 195 countries, which we use together with series for common official language and linguistic proximity in order to draw inferences about (1) the aggregate impact of all linguistic factors on bilateral trade, (2)...
Persistent link: https://www.econbiz.de/10011084380