Showing 1 - 10 of 2,193
We build a model of tacit collusion between firms that operate in multiple markets to study the effects of trade costs. A key feature of the model is that cartel discipline is endogenous. Thus, markets that appear segmented are strategically linked via the incentive compatibility constraint....
Persistent link: https://www.econbiz.de/10012926563
This paper investigates the sources and size of trade barriers at the industry level. We derive a micro-founded measure of industry-specific bilateral trade integration that has an in-built control for time-varying multilateral resistance. This trade integration measure is consistent with a...
Persistent link: https://www.econbiz.de/10012753160
consider a unique data set of exports from individual U.S. states to foreign countries and combine it with trade flows within …
Persistent link: https://www.econbiz.de/10013095339
What has driven trade booms and trade busts in the past and present? We derive a micro-founded measure of trade frictions from leading trade theories and use it to gauge the importance of bilateral trade costs in determining international trade flows. We construct a new balanced sample of...
Persistent link: https://www.econbiz.de/10013156494
ascertain that today's trade issues in Northeast Asia go beyond the traditional mechanisms of tariffs, and include "behind … concludes that when tariffs tend to become low in Northeast Asia, the economies in this region could potentially benefit …
Persistent link: https://www.econbiz.de/10013317394
The debate on trade and growth increasingly focuses on the composition of exports. Exports of more “sophisticated …” products appear to be positively correlated with growth, and upgrading the quality of exports is high on the policy agenda of … country's export basket. The empirical analysis relates unit values of exports measured at the 4-digit SITC level to data on …
Persistent link: https://www.econbiz.de/10013153286
. Combining a dataset of Argentinean firm-level destination-specific wine exports with quality ratings, we show that higher … quality exports grew faster before the crisis, but this trend reversed during the recession. Quantitatively, the effect is … large: up to nine percentage points difference in trade performance can be explained by the quality composition of exports …
Persistent link: https://www.econbiz.de/10013010482
Recent contributions on off shoring often assume that firms can freely split their production process into separate steps which can be ranked according to the cost savings from producing abroad. We replace this assumption by the notion of a technologically determined sequence of production...
Persistent link: https://www.econbiz.de/10012764740
Iceberg transport costs are one of the main ingredients of modern trade and economic geography models: transport costs are modelled by assuming that a fraction of the goods shipped “melts in transit”. In this paper, we investigate whether the iceberg assumption applies to the costs of...
Persistent link: https://www.econbiz.de/10013315431
Recent quantitative trade models treat import tariffs as pure cost shifters so that their effects are similar to … iceberg trade costs. We introduce revenue-generating import tariffs, which act as demand shifters, into the framework of … quantification based on countries' observed degrees of openness, tariff revenues, and on the gravity elasticities of tariffs and …
Persistent link: https://www.econbiz.de/10013083872