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The Elasticity of Trade : Estimates and Evidence
Simonovska, Ina - 2011
Quantitative results from a large class of international trade models depend critically on the elasticity of trade with respect to trade frictions. We develop a simulated method of moments estimator to estimate this elasticity from disaggregate price and trade-flow data using the Ricardian...
Persistent link: https://www.econbiz.de/10013129252
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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
phase-ins of agreements, lagged terms-of-trade effects, reverse causality, various estimation techniques, disaggregation …
Persistent link: https://www.econbiz.de/10013315671
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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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Heterogeneous Technology Diffusion and Ricardian Trade Patterns
Kerr, William - 2019
Migration and trade are often linked through ethnic networks boosting bilateral trade. This study uses migration to quantify the importance of Ricardian technology differences for international trade. The framework provides the first panel estimates connecting country-industry productivity and...
Persistent link: https://www.econbiz.de/10012902445
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Estimating the Effects of Non-Discriminatory Trade Policies within Structural Gravity Models
Heid, Benedikt - 2019
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...
Persistent link: https://www.econbiz.de/10012900279
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Testing the General Validity of the Heckscher-Ohlin Theorem : The Natural Experiment of Japan
Bernhofen, Daniel M. - 2011
We exploit Japan's 19th century move from autarky to free trade to provide the first test of the general validity of the price formulation of the Heckscher-Ohlin theorem. In this formulation a country's autarky factor price vector imposes a single refutable prediction on the economy's factor...
Persistent link: https://www.econbiz.de/10013120071
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Exchange Rate Pass-Through, Domestic Competition, and Inflation : Evidence from the 2005/08 Revaluation of the Renminbi
Auer, Raphael - 2015
This paper quantifies the effect of the government-controlled appreciation of the Chinese renminbi (RMB) vis-à-vis the USD from 2005 to 2008 on the prices charged by US producers. As the RMB during that time was pegged to a basket of currencies, the empirical strategy must account for the fact...
Persistent link: https://www.econbiz.de/10013037032
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Icebergs Versus Tariffs : A Quantitative Perspective on the Gains from Trade
Felbermayr, Gabriel J. - 2013
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 Arkolakis, Costinot and Rodriguez-Clare (2012), and generalize...
Persistent link: https://www.econbiz.de/10013083872
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The Customs Union Issue : Why Do We Observe so Few of Them?
Facchini, Giovanni - 2012
The number of preferential trade agreements has greatly increased over the past two decades, yet most existing bilateral arrangements take the form of free trade areas, and less than ten percent can be considered to be fully fledged customs unions. This paper develops a political economy model...
Persistent link: https://www.econbiz.de/10012755036