Showing 1 - 10 of 28
We build a model of tacit collusion between firms that operate in multiple markets to study the effects of trade costs. A key feature of the model is that cartel discipline is endogenous. Thus, markets that appear segmented are strategically linked via the incentive compatibility constraint....
Persistent link: https://www.econbiz.de/10011781965
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
. The model combines structural gravity with a capital accumulation specification of the transition between steady states …
Persistent link: https://www.econbiz.de/10011298529
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
We review and interpret the main theoretical developments in the gravity literature from its very early, a …-theoretical applications to the latest structural contributions. We also discuss challenges and implement methods to estimate empirical gravity … equations. We finish with a presentation and examples of numerical simulations with the structural gravity model. Throughout the …
Persistent link: https://www.econbiz.de/10011611143
and welfare. We make use of the rich dimensionality of our data and of the latest developments in the structural gravity …
Persistent link: https://www.econbiz.de/10012031035
intranational trade); we find evidence of this bias using a properly specified gravity equation. Second, our novel methodology … phase-ins of agreements, lagged terms-of-trade effects, reverse causality, various estimation techniques, disaggregation …
Persistent link: https://www.econbiz.de/10010212649
A structural gravity model is used to estimate barriers to services trade across many sectors, countries and time …
Persistent link: https://www.econbiz.de/10011375675
capital. The model nests structural gravity subsystems for FDI and trade, with accumulation/decumulation of phyisical and …
Persistent link: https://www.econbiz.de/10011718208
Persistent link: https://www.econbiz.de/10003496544