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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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Vertical Specialization, International Task Fragmentation, and Convergence
Marjit, Sugata; Oladi, Reza - 2021
In this paper, we construct an elaborate general equilibrium model with a continuum of production fragments for an intermediate good, then embed it in a growth model to address the effects of global production fragmentation, vertical specialization and trade on growth and inequality for a small...
Persistent link: https://www.econbiz.de/10013314672
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The (Structural) Gravity of Epidemics
Cuñat, Alejandro - 2020
Epidemiological models assume gravity-like interactions of individuals across space without microfoundations. We combine a simple epidemiological frame-work with a dynamic model of individual location choice. The model predicts that flows of people across space obey a structural gravity...
Persistent link: https://www.econbiz.de/10012833717
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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 … general-equilibrium system. Next, we point out some anomalies with the theory: mounting evidence against constant trade …
Persistent link: https://www.econbiz.de/10012839359
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Estimating Gravity from the Short to the Long Run : A Simple Solution to the ‘International Elasticity Puzzle’
Anderson, James E.; Yotov, Yoto V. - 2023
the trade literature and the international real business cycle literature. The same theory-motivated estimating equation …
Persistent link: https://www.econbiz.de/10014264152
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Gravity-Model Estimation with Time-Interval Data : Revisiting the Impact of Free Trade Agreements
Egger, Peter - 2020
We challenge the common practice of estimating gravity equations with time-interval data in order to capture dynamic-adjustment effects to trade-policy changes. Instead, we point to a series of advantages of using consecutive-year data recognizing dynamic-adjustment effects. Our analysis reveals...
Persistent link: https://www.econbiz.de/10012822506
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Trade Liberalization, Input Intermediaries and Firm Productivity : Evidence from China
Defever, Fabrice - 2019
We investigate theoretically and empirically the role of wholesalers in mediating the productivity effects of trade liberalization. Intermediaries provide indirect access to foreign produced inputs. The productivity effects of input tariff cuts on firms that do not directly import therefore...
Persistent link: https://www.econbiz.de/10012857766
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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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Exititis in the UK : Gravity Estimates in the Aftermath of Brexit
Brakman, Steven; Garretsen, Harry; Kohl, Tristan - 2021
The withdrawal of the United Kingdom from the European Union has had disruptive effects on international trade. As part of its ‘Global Britain’ strategy, in the wake of Brexit, the UK is pursuing a series of Free Trade Agreements with countries around the world, including Canada, Japan,...
Persistent link: https://www.econbiz.de/10013212259
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The Variation of Gravity within Countries (or 15 Reasons Why Gravity Should Be Estimated with Domestic Trade Flows)
Yotov, Yoto - 2021
foundations and clear gains from theory-consistent policy analysis, there are still gaps between gravity theory and empirics. This … paper focuses on domestic trade flows, and I argue that there are significant benefits from adhering to theory by estimating … survey of the literature reveals the need for further theory contributions and new data developments, and points to …
Persistent link: https://www.econbiz.de/10013228864