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The currency union effect : a PPML reassessment with high-dimensional fixed effects

Larch, Mario; Wanner, Joschka; Yotov, Yoto V.; Zylkin, … - 2017

Recent work on the effects of currency unions (CUs) on trade stresses the importance of using many countries and years in order to obtain reliable estimates. However, for large samples, computational issues limit choice of estimator, leaving an important methodological gap. To address this gap,...

Persistent link: https://www.econbiz.de/10011653596

A simple method to quantify the ex-ante effects of "deep" trade liberalization and "hard" trade protection

Larch, Mario; Tan, Shawn W.; Yotov, Yoto - 2021

the "hard" effects of protection with the empirical structural gravity model. Specifically, we argue that the difference …

Persistent link: https://www.econbiz.de/10012599928

A tale of (almost) 1001 coefficients : deep and heterogeneous effects of the EU-Turkey Customs Union

Larch, Mario; Schmeißer, Aiko F.; Wanner, Joschka - 2019

heterogeneity in the CUEUT effect is found across different industries as well as for each of its member countries and the direction …

Persistent link: https://www.econbiz.de/10011966895

Do what you know and leave the rest to the experts : quantifying the gains from efficient trade

Larch, Mario; Meinen, Philipp; Nagengast, Arne J.; … - 2025

We develop and test a theory of efficient international trade. Efficiency gains arise through lower trade costs faced by ‘trade specialists’, whose superiority over ‘common traders’ manifests itself through lower trade costs. To test our theory, we construct and deploy a novel dataset...

Persistent link: https://www.econbiz.de/10015414141

Do what you know and leave the rest to the experts : quantifying the gains from efficient trade

Larch, Mario; Meinen, Philipp; Nagengast, Arne J.; … - 2025

We develop and test a theory of efficient international trade. Efficiency gains arise through lower trade costs faced by 'trade specialists', whose superiority over 'common traders' manifests itself through lower trade costs. To test our theory, we construct and deploy a novel dataset based on...

Persistent link: https://www.econbiz.de/10015413538

Growth and trade with frictions : a structural estimation framework

Anderson, James E.; Larch, Mario; Yotov, Yoto V. - 2015

. The model combines structural gravity with a capital accumulation specification of the transition between steady states …

Persistent link: https://www.econbiz.de/10011298529

Estimating general equilibrium trade policy effects : GE PPML

Anderson, James E.; Larch, Mario; Yotov, Yoto V. - 2015

We develop a simple estimation procedure for general equilibrium (GE) comparative static analysis of gravity models … equilibrium responses. The method works by fully exploiting the combined properties of structural gravity and PPML. Our procedures …

Persistent link: https://www.econbiz.de/10011384362

Estimating the effects of nondiscriminatory trade policies within structural gravity models

Heid, Benedikt; Larch, Mario; Yotov, Yoto - 2017

trade within a theoretically-consistent empirical gravity model. Specifically, we argue that structural gravity estimations …

Persistent link: https://www.econbiz.de/10011750135

Unlocking new methods to estimate country-specific trade costs and trade elasticities

Freeman, Rebecca; Larch, Mario; Theodorakopoulos, Angelos; … - 2021

We propose new methods to identify the full impact of country-specific characteristics on bilateral trade flows within the framework of ‘the new quantitative trade model.' We complement theory with a simple two-stage estimating procedure, and offer a proof of concept by quantifying the impact...

Persistent link: https://www.econbiz.de/10012669805

Quantifying the impact of economic sanctions on international trade in the energy and mining sectors

Larch, Mario; Shikher, Serge; Syropoulos, Constantinos; … - 2021

Capitalizing on the latest developments in the gravity literature, we utilize two new datasets on sanctions and trade …. We demonstrate that the gravity equation is well suited to model bilateral trade in mining and find that sanctions have … on mining trade across mining industries and across sanction episodes/cases, depending on the sanctioning and sanctioned …

Persistent link: https://www.econbiz.de/10012428959