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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
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Revisiting Time as a Trade Barrier : Evidence from a Panel Structural Gravity Model
Oberhofer, Harald - 2019
trade using a theory-consistent structural gravity model. We exploit a rich panel data set including domestic trade flows …
Persistent link: https://www.econbiz.de/10012892158
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Gravity Without Apology : The Science of Elasticities, Distance, and Trade
Carrère, Céline - 2020
Gravity as both fact and theory is one of the great success stories of recent research on international trade, and has featured prominently in the policy debate over Brexit. We first review the facts, noting the overwhelming evidence that trade tends to fall with distance. We then introduce some...
Persistent link: https://www.econbiz.de/10012839359
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The COVID-19 Pandemic and European Trade Flows : Evidence from a Dynamic Panel Model
Caporale, Guglielmo Maria; Sova, Anamaria; Sova, Robert - 2022
, an ARDL dynamic panel model is estimated using the PMG method to analyse monthly data covering the most recent period …
Persistent link: https://www.econbiz.de/10014080051
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Quantifying Disruptive Trade Policies
Balistreri, Edward J. - 2019
Mainstream economic wisdom favoring cooperative free trade is challenged by a wave of disruptive trade policies. In this paper, we provide quantitative evidence concerning the economic impacts of tariffs implemented by the United States in 2018 and the subsequent retaliations by partner...
Persistent link: https://www.econbiz.de/10012892204
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The Trade and FDI Effects of EMU Enlargement
Brouwer, J.; Paap, Richard; Viaene, Jean-Marie - 2021
gravity models are estimated using a dataset of unbalanced panel data that combines bilateral trade flows among 29 countries …
Persistent link: https://www.econbiz.de/10013316812
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Trade costs, trade balances and current accounts : an application of gravity to multilateral trade
Fazio, Giorgio; MacDonald, Ronald; Melitz, Jacques - 2005
In this paper we test the well-known hypothesis of Obstfeld and Rogoff (2000) that trade costs are the key to explaining the so-called Feldstein-Horioka puzzle. Using a gravity framework in an intertemporal context, we provide strong support for the hypothesis and we reconcile our results with...
Persistent link: https://www.econbiz.de/10010261322
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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
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The Direct and Indirect Effects of Financial Development on International Trade : Evidence from the CEEC-6
Caporale, Guglielmo Maria; Sova, Anamaria Diana; Sova, … - 2021
Central and Eastern Europe (CEEC-6) using dynamic panel data approaches, specifically the system Generalized Method of Moments …
Persistent link: https://www.econbiz.de/10013315285
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Turkish delight for some, cold turkey for others?: The effects of the EU-Turkey Customs Union
Adam, Antonis; Moutos, Thomas - 2005
Following Turkey’s application for EU membership in 1987, a Customs Union (CU) between Turkey and the EU, mainly … agricultural sector, Turkey also specializes in the production and exportation of relatively low-price, low-quality varieties of … asymmetric changes in the trade volumes of the incumbent countries of the EU as a result of the EU-Turkey CU. By examining …
Persistent link: https://www.econbiz.de/10010261340