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Exploring the intensive and extensive margins of world trade

Felbermayr, Gabriel J.; Kohler, Wilhelm K. - 2004

World trade evolves at two margins. Where a bilateral trading relationship already exists it may increase through time … have not traded with each other in the past (extensive margin). We provide an empirical dissection of post-World-War- II … growth in manufacturing world trade along these two margins. We propose a ?cornersolutions- version? of the gravity model to …

Persistent link: https://www.econbiz.de/10010274453

The Falling Elasticity of Global Trade to Economic Activity : Testing the Demand Channel

Auboin, Marc - 2018

Since the recovery from the great financial crisis in 2010, global real trade flows grew much slower than pre-crisis, in both absolute terms (growth rates) and relative terms (relative to GDP, from 2:1 in the great 1990’s to 1:1 since 2012) A debate has arisen as to whether this global trade...

Persistent link: https://www.econbiz.de/10012908674

The Trade Impact of the COVID-19 Pandemic

Liu, Xuepeng; Ornelas, Emanuel; Shi, Huimin - 2021

Using a gravity-like approach, we study how Covid-19 deaths and lockdown policies affected countries’ imports from China during 2020. We find that a country’s own Covid-19 deaths and lockdowns significantly reduced its imports from China, suggesting that the negative demand effects prevailed...

Persistent link: https://www.econbiz.de/10013224091

International Trade and Stable Resolutions of Resource Disputes

Garfinkel, Michelle R.; Syropoulos, Constantinos - 2022

We consider a dynamic setting in which two sovereign states with overlapping ownership claims on a resource/asset ﬁrst arm and then choose whether to resolve their dispute violently through war or peacefully through settlement. Both approaches depend on the states’ military capacities, but...

Persistent link: https://www.econbiz.de/10014243081

The Direct and Indirect Effects of Financial Development on International Trade : Evidence from the CEEC-6

Caporale, Guglielmo Maria; Sova, Anamaria Diana; Sova, … - 2021

This paper analyses the relationship between international trade and financial development in six EU members from Central and Eastern Europe (CEEC-6) using dynamic panel data approaches, specifically the system Generalized Method of Moments (GMM) and pooled mean group (PMG) estimators. The...

Persistent link: https://www.econbiz.de/10013315285

Trade Costs, Market Access and Economic Geography : Why the Empirical Specification of Trade Costs Matters

Bosker, Erik Maarten; Garretsen, Harry - 2021

Trade costs are crucial in new economic geography (NEG) models. The unavailability of actual trade costs data requires the approximation of trade costs. Most NEG studies do not deal with the ramifications of the particular trade costs specification used. This paper shows that the specification...

Persistent link: https://www.econbiz.de/10013316892

Trading with the Informed and Against the Uninformed : Flows and Positioning in the Global Currency Market

Barrios, Aldo; Franolic, Robert; Giovanardi, Davide; … - 2022

FX trade settlement data from CLS provides the most comprehensive view of the opaque market of OTC currency trades. We use the flows of investment funds and non-financial corporates and develop trading signals where the former reflects speculative strategies, while the latter trade for liquidity...

Persistent link: https://www.econbiz.de/10014077184

The Farsighted Stability of Global Tade Policy Arrangements

Berens, Stefan; Chochua, Lasha; Willmann, Gerald - 2021

We study the stability of trade policy arrangements under two regulatory scenarios, with/without PTAs. Unlike previous papers, we consider an extensive set of trade policy constellations and allow for unlimited farsightedness of negotiating parties. We find global free trade (GFT) to be uniquely...

Persistent link: https://www.econbiz.de/10013217552

Global Taxation and National Welfare States

Jha, Priyaranjan; Mukherjee, Rahul - 2023

This paper studies the effects of globalization on the ability of governments to generate tax revenues for the … size and factor abundance. It then draws on existing empirical evidence to outline the effects of globalization on capital …

Persistent link: https://www.econbiz.de/10014347020

Globalization, Time-Preferences, and Populist Voting

Aronsson, Thomas - 2020

Societies see growing support for populist politicians who advocate an end to globalization. Our behavioral economics … model links impatience to voters' appraisals of an income shock due to globalization that is associated with short-run costs … and delayed gains. The model shows that impatient individuals may reject further globalization if they are subject to …

Persistent link: https://www.econbiz.de/10012826005