Showing 1 - 10 of 745
Helpman, Melitz and Rubinstein (2008) derive gravity equations to estimate effects of trade barriers on the intensive … and extensive margins of trade. They exploit the frequency of zeros in aggregate bilateral trade data to identify effects … extensive margin when data contain only positive trade flows. We also control for the pervasive presence of heteroscedasticity …
Persistent link: https://www.econbiz.de/10013128040
) joint trade costs endogenous to bilateral volumes, (ii) long run gravity as a limiting case of efficient investment in … bilateral capacities, (iii) a structural ratio of short run to long run trade elasticities equal to a microfounded buyers …' incidence elasticity, and (iv) tractable short and long run models of the extensive margin. Application to manufacturing trade …
Persistent link: https://www.econbiz.de/10012953690
To what extent has trade liberalization contributed to global production fragmentation and the formation of production … networks? We derive structural equations for value added trade flows, the domestic value added content of exports (DVA) and the … accession in 2001. We find that the associated trade cost changes spurred global production fragmentation, explaining about 6 …
Persistent link: https://www.econbiz.de/10012902861
trade that historically have been addressed largely separately: the (partial) effects on trade of economic integration … of economic integration agreements (EIAs) on members’ trade may be biased upward owing to inadequate control for … intranational trade); we find evidence of this bias using a properly specified gravity equation. Second, our novel methodology …
Persistent link: https://www.econbiz.de/10013315671
We estimate the effect of broadband infrastructure, which enables high-speed internet, on economic growth in the panel …
Persistent link: https://www.econbiz.de/10013116573
This paper traces the 11,000 year evolution of infrastructure systems during major periods of innovation, expansion and … positive feedback between early capital market development and investment in infrastructure innovations that lowered system …-wide transaction costs has been a critical factor in sustaining growth since 1800. The paper sets out a model of infrastructure …
Persistent link: https://www.econbiz.de/10013043210
This paper estimates the returns to household income due to improved access to electricity in rural India. We examine the effect of connecting a household to the grid and of the quality of electricity, defined as hours of daily supply. The analysis is based on two rounds of a representative...
Persistent link: https://www.econbiz.de/10010877886
been done by analyzing gross trade flows related to offshore activities using gravity equations augmented by ad hoc … to theoretically unmotivated attempts to allow for both complete and incomplete specialization influences on gross trade … patterns. This view reveals that countries' multilateral specialization incentives drive bilateral trade, corresponding to and …
Persistent link: https://www.econbiz.de/10013106562
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. Specifically, we argue that structural gravity estimations … should be performed with data that include not only international trade flows but also intra-national trade flows. The use of …
Persistent link: https://www.econbiz.de/10012900279
A structural gravity model is used to estimate barriers to services trade across many sectors, countries and time …, geography, size and digital infrastructure as determinants of border barriers. We find that border barriers have generally …
Persistent link: https://www.econbiz.de/10013011441