Showing 1 - 10 of 749
This paper intends to combine two fields in the economic literature by examining empirically the FDI pattern -horizontal versus vertical- within the European Union and the relevance of trade integration as a potential determinant of investment flows over the period 1995-2009. We capture trade...
Persistent link: https://www.econbiz.de/10010398609
Previous empirical research has assumed that goods trade responds to goods trade preferentialism only, while other forms of preferentialism – such as services trade or investment preferentialism – are irrelevant for goods trade. This paper provides novel evidence for the gains from a broader...
Persistent link: https://www.econbiz.de/10010293903
distance and adjacency, capturing variable natural trade costs; however, the heterogeneity in EIAs’ partial effects on the … extensive margin is explained empirically by distance and adjacency, as well as several other cultural and institutional …
Persistent link: https://www.econbiz.de/10011388156
agreements, national borders, and bilateral distance. First, recent studies focusing on precise and unbiased estimates of effects … confirm recent evidence providing a solution to the distance-elasticity puzzle, but show that these estimates of the declining … effect of distance on international trade are biased upward by not accounting for endogenous EIA formations and unobserved …
Persistent link: https://www.econbiz.de/10010328847
We develop a novel two-stage methodology that allows us to study the empirical determinants of the ex post effects of past free trade agreements (FTAs) as well as obtain ex ante predictions for the effects of future FTAs. We first identify 908 unique estimates of the effects of FTAs on different...
Persistent link: https://www.econbiz.de/10011584873
Three years ago, very few economists would have imagined that one of the newest and fastest growing research areas in international trade is the use of quantitative trade models to estimate the economic welfare losses from dissolutions of major countries’ economic integration agreements...
Persistent link: https://www.econbiz.de/10012052784
This paper assesses the role of a larger degree of common language use between the populations of two countries on the so-called extensive product margin of trade. We focus on the overlap of products exported or imported between any pair of countries. The results suggest that the effect of...
Persistent link: https://www.econbiz.de/10010398683
Some observers argue that increased real integration has led to greater co-movement of prices internationally. We examine the evidence for cross-border price spillovers among economies participating in the pan-Asian cross-border production networks. Starting with country-level data, we find that...
Persistent link: https://www.econbiz.de/10010352402
Migration and trade are often linked through ethnic networks boosting bilateral trade. This study uses migration to quantify the importance of Ricardian technology differences for international trade. The framework provides the first panel estimates connecting country-industry productivity and...
Persistent link: https://www.econbiz.de/10011584915
We re-visit the evidence about the trade benefits of European Monetary Union (EMU), focusing on the experience of countries which adopted the common currency since 2002. Based on “state of the art” gravity estimations for the period 1992-2013, we reach three main conclusions. First,...
Persistent link: https://www.econbiz.de/10011615863