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Oil exports and the Iranian economy
Esfahani, Hadi Salehi; Mohaddes, Kamiar; Pesaran, … - 2009
with a coefficient equal to the share of capital. The long run theory is tested using a new quarterly data set on the …: an output equation as predicted by the theory and a standard real money demand equation with inflation acting as a proxy …
Persistent link: https://www.econbiz.de/10010326726
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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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Gravity Models and the Law of Large Numbers
Jareb, Colin - 2020
Modern quantitative theories of international trade rely on the probabilistic representation of technology and the assumption of the Law of Large Numbers (LLN), which ensures that when the number of traded goods goes to infinity, trade flows can be expressed via a deterministic gravity equation...
Persistent link: https://www.econbiz.de/10012822695
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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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The Estimation of Multi-dimensional Fixed Effects Panel Data Models
Balazsi, Laszlo; Matyas, Laszlo; Wansbeek, Tom J. - 2015
The paper introduces the appropriate within estimators for the most frequently used three-dimensional fixed effects panel data models. It analyzes the behavior of these estimators in the cases of no self-flow data, unbalanced data, and dynamic autoregressive models. The main results are then...
Persistent link: https://www.econbiz.de/10010500421
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The Globalisation-Welfare State Nexus : Evidence from Asia
Potrafke, Niklas - 2019
How globalisation influences social expenditure has been examined for industrialized countries. Globalisation has often been shown to be positively associated with social expenditure in established industrialized countries, a finding that corroborates the compensation hypothesis. Scholars have...
Persistent link: https://www.econbiz.de/10012892254
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The Short-Run and Long-Run Effects of Trade Openness on Financial Development : Some Panel Evidence for Europe
Caporale, Guglielmo Maria; Sova, Anamaria; Sova, Robert - 2021
This paper analyses the short- and long-run effects of trade openness on financial development in a panel including data on 35 European countries over the period 2001-2019. For this purpose, it uses the PMG (pooled mean group) estimator for dynamic panels developed by Pesaran et al. (1999). The...
Persistent link: https://www.econbiz.de/10013227601
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An empirical growth model for major oil exporters
Esfahani, Hadi Salehi; Mohaddes, Kamiar; Pesaran, M. Hashem - 2012
-run output equation with a coefficient equal to the share of capital (a). The long-run theory is tested using quarterly data on … results support the long-run theory. The existence of long-run relations between real output, foreign output and real oil … steadily over the past three decades, the theory suggests that the effect of oil income on the economy's steady state growth …
Persistent link: https://www.econbiz.de/10010281789
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The collapse speed of China's exports in the 2008-2009 financial crisis
Jing, Ran - 2011
This paper studies the performance of China's exports during the 2008-2009 financial crisis. It focuses on the speed at which China's exports were hit by this downturn. Product-country monthly exports data is utilized. It is found that GDP growth rates of importing countries play an important...
Persistent link: https://www.econbiz.de/10010278892
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Estimating the Effects of Non-discriminatory Trade Policies within Structural Gravity Models
Heid, Benedikt; Larch, Mario; Yotov, Yoto V. - 2017
We propose a simple method to identify the effects of unilateral and non-discriminatory trade policies on bilateral trade within a theoretically-consistent empirical gravity model. Specifi-cally, we argue that structural gravity estimations should be performed with data that include not only...
Persistent link: https://www.econbiz.de/10011777600