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Distance, Globalization, and International Trade
Borchert, Ingo - 2017
For a long time globalization could be seen everywhere but in gravity estimates. We offer evidence how globalization affects manufacturing trade over the period 1986-2006 and show that, on average, the effect of distance has fallen whereas the effects of proximity and regional trade agreements...
Persistent link: https://www.econbiz.de/10012963770
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Gravity, Distance, and International Trade
Baier, Scott L. - 2017
We review and interpret the main theoretical developments in the gravity literature from its very early, a-theoretical applications to the latest structural contributions. We also discuss challenges and implement methods to estimate empirical gravity equations. We finish with a presentation and...
Persistent link: https://www.econbiz.de/10012960473
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Gravity Estimation of the Intensive and Extensive Margins of Trade : An Alternative Procedure with Alternative Data
Flam, Harry - 2011
. By using data on the number of bilaterally traded products we improve on identification and allow estimation of the …
Persistent link: https://www.econbiz.de/10013128040
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Panel Data Gravity Models of International Trade
Baltagi, Badi H. - 2014
One of the oldest and largest literatures in empirical economics is concerned with the estimation of demand and supply … structure of the data. This chapter is concerned with a host of issues that arise with the estimation of such models, respecting … their panel econometric generic structure. The issues covered range from the estimation of double-indexed versus higher …
Persistent link: https://www.econbiz.de/10013058498
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Environmental Regulation and Competitiveness : Evidence from Romania
Arouri, Mohamed; Caporale, Guglielmo Maria; Rault, … - 2021
According to the pollution haven hypotheses differences in environmental regulation affect trade flows and plant location. Specifically, environmental stringency should decrease exports and increase imports of 'dirty' goods. This paper estimates a gravity model to establish whether the...
Persistent link: https://www.econbiz.de/10013315867
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Is the International Border Effect Larger than the Domestic Border Effect? Evidence from U.S. Trade
Coughlin, Cletus Charles - 2013
Many studies have found that international borders represent large barriers to trade. But how do international borders compare to domestic border barriers? We investigate international and domestic border barriers in a unified framework. We consider a unique data set of exports from individual...
Persistent link: https://www.econbiz.de/10013095339
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Trade, Wages, and Productivity
Behrens, Kristian - 2012
We develop a new general equilibrium monopolistic competition model with variable demand elasticity, heterogeneous firms, and multiple asymmetric regions. Wages, productivity, consumption diversity, and markups across firms and markets are all endogenously determined and respond to trade...
Persistent link: https://www.econbiz.de/10013097109
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International Trade and Monopolistic Competition Without CES : Estimating Translog Gravity
Novy, Dennis - 2010
This paper derives a micro-founded gravity equation in general equilibrium based on a translog demand system that allows for endogenous markups and rich substitution patterns across goods. In contrast to standard CES-based gravity equations, trade is more sensitive to trade costs if the...
Persistent link: https://www.econbiz.de/10013144787
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Kyoto and Carbon Leakage : An Empirical Analysis of the Carbon Content of Bilateral Trade
Aichele, Rahel; Felbermayr, Gabriel - 2021
Has the Kyoto Protocol induced carbon leakage? We conduct the first empirical ex-post evaluation of the Protocol. We derive a theoretical gravity equation for the CO2 content of trade, which accounts for intermediate inputs, both domestic and imported. The structure of our new panel database of...
Persistent link: https://www.econbiz.de/10013315947
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Economic Integration Agreements, Border Effects, and Distance Elasticities in the Gravity Equation
Bergstrand, Jeffrey H.; Larch, Mario; Yotov, Yoto V. - 2021
yields economically plausible and statistically significant estimates of the declining effect of “national borders” on world … phase-ins of agreements, lagged terms-of-trade effects, reverse causality, various estimation techniques, disaggregation …
Persistent link: https://www.econbiz.de/10013315671