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Natural Disasters and the Effect of Trade on Income: A New Panel IV Approach
Felbermayr, Gabriel J.; Gröschl, Jasmin - CESifo - 2011
Does trade openness cause higher GDP per capita? Since the seminal instrumental variables (IV) estimates of Frankel and … level to construct an instrument for multilateral openness that varies across countries and time. The instrument can be used …’ performances as well as for the direct effect of disasters. We find that the elasticity of income with respect to openness is about …
Persistent link: https://www.econbiz.de/10009224870
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Natural Disasters and the Effect of Trade on Income : A New Panel IV Approach
Felbermayr, Gabriel J. - 2011
Does trade openness cause higher GDP per capita? Since the seminal instrumental variables (IV) estimates of Frankel and … level to construct an instrument for multilateral openness that varies across countries and time. The instrument can be used …' performances as well as for the direct effect of disasters. We find that the elasticity of income with respect to openness is about …
Persistent link: https://www.econbiz.de/10013121825
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Naturally Negative: The Growth Effects of Natural Disasters
Felbermayr, Gabriel J.; Gröschl, Jasmin - CESifo - 2013
affected by geophysical disasters; rich more by meteorological events. International openness and democratic institutions …
Persistent link: https://www.econbiz.de/10010701086
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Shedding Light on the Spatial Diffusion of Disasters
Felbermayr, Gabriel J. - 2018
Climate research suggests that global warming will lead to more frequent and more extreme natural disasters. Most disasters are local events with effects on local economic growth. Hence, assessing their economic impacts with the help of econometric country-level analysis may lead to biased...
Persistent link: https://www.econbiz.de/10012912423
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The Quantitative Importance of Openness in Development
Cai, Wenbiao; Ravikumar, B.; Riezman, Raymond - CESifo - 2013
This paper deals with a classic development question: how can the process of economic development – transition from stagnation in a traditional technology to industrialization and prosperity with a modern technology – be accelerated? Lewis (1954) and Rostow (1956) argue that the pace of...
Persistent link: https://www.econbiz.de/10010877851
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Same Same But Different: Dialects and Trade
Lameli, Alfred; Nitsch, Volker; Suedekum, Jens; Wolf, … - CESifo - 2013
Language is a strong and robust determinant of international trade patterns: Countries sharing a common language trade significantly more with each other than countries using different languages, holding other factors constant. In this paper, we show that this trade-promoting effect of language...
Persistent link: https://www.econbiz.de/10010877639
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Gravity Redux: Measuring International Trade Costs with Panel Data
Novy, Dennis - CESifo - 2011
Barriers to international trade are known to be large but due to data limitations it is hard to measure them directly for a large number of countries over many years. To address this problem I derive a micro-founded measure of bilateral trade costs that indirectly infers trade frictions from...
Persistent link: https://www.econbiz.de/10009351468
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International Trade without CES: Estimating Translog Gravity
Novy, Dennis - CESifo - 2010
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 …. I test the translog gravity equation and find strong empirical support in its favor. …
Persistent link: https://www.econbiz.de/10008596576
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Turkish Delight for Some, Cold Turkey for Others?: The Effects of the EU-Turkey Customs Union
Adam, Antonis; Moutos, Thomas - CESifo - 2005
Following Turkey’s application for EU membership in 1987, a Customs Union (CU) between Turkey and the EU, mainly covering trade in manufacturing goods and processed agricultural products, came into effect in 1995. In addition to a large agricultural sector, Turkey also specializes in the...
Persistent link: https://www.econbiz.de/10005094267
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International Trade Integration: A Disaggregated Approach
Chen, Natalie; Novy, Dennis - CESifo - 2009
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/10005051566