Showing 1 - 6 of 6
distance-related migration costs cannot explain the lower distance sensitivity of educated and risk-loving individuals. …
Persistent link: https://www.econbiz.de/10010877921
This paper derives a micro-founded gravity equation in general equilibrium based on a translog demand system that allows for endogenous markups and substitution patterns across goods. In contrast to standard CES-based gravity equations, trade is more sensitive to trade costs if the exporting...
Persistent link: https://www.econbiz.de/10008596576
Engel and Rogers (1996) find that crossing the US-Canada border can considerably raise relative price volatility and that exchange rate fluctuations explain about one-third of the volatility increase. In re-evaluating the border effect, this study shows that cross-country heterogeneity in price...
Persistent link: https://www.econbiz.de/10005765810
argues that distance (however defined) is no longer a dominant characteristic of the world economy, or will cease to be so in …. We disagree, and with us many other economists (see, for example, Leamer, 2006). Distance dominates all aspects of … distance. Furthermore, there is little evidence of income convergence. Using various methods and data sets, we show that many …
Persistent link: https://www.econbiz.de/10005766052
This paper uses a gravity framework to investigate the effects of distance as well as subnational and national borders … border effects stem from the metropolitan level rather than state. Second, border and distance effects decrease with the age … distance effects are interestingly increasing. Finally, we find that (assignee) self-citations and aggregation bias are two …
Persistent link: https://www.econbiz.de/10005000385
This article investigates whether the distance between origin and destination has played an increased role in shaping … 2012 are years of economic recession. The analytical tool employed is a gravity model. Our results document that distance …
Persistent link: https://www.econbiz.de/10011202961