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This paper intends to combine two fields in the economic literature by examining empirically the FDI pattern - horizontal versus vertica l- within the European Union and the relevance of trade integration as a potential determinant of investment flows over the period 1995-2009. We capture trade...
Persistent link: https://www.econbiz.de/10010371905
This paper studies the evolution of trade freeness and of the agglomeration of production, as well as their relationship, at the sectoral level in a group of EU countries. Our main objective is to test at the sectoral level the conclusions of previous aggregate analyses which find that an...
Persistent link: https://www.econbiz.de/10009682333
. -- international border effects ; intranational home bias ; domestic borders ; gravity ; trade costs …
Persistent link: https://www.econbiz.de/10003902081
Black Death struck most areas of Europe and the wider Mediterranean. Based on a modified version of the gravity model, we … the importance and causes of medieval trade. -- Trade ; Middle Ages ; Black Death ; Gravity model ; Poisson regression …
Persistent link: https://www.econbiz.de/10009242313
Using annual bilateral data over the period 1988-2011 for a panel of 24 industrialised and emerging economies, we analyse in a time-varying framework the determinants of output synchronisation in EMU (European Monetary Union) distinguishing between core and peripheral member states. The results...
Persistent link: https://www.econbiz.de/10009724042
We develop a structural framework that allows us to quantify the evolution of aggregate bilateral trade costs and markups over time. With minimal assumptions, we can disentangle aggregate markup and trade cost changes from observed changes in trade flows. We apply our method to trade data...
Persistent link: https://www.econbiz.de/10015081337
How do trade costs affect international trade? This paper offers a new approach. We rely on a flexible gravity equation …
Persistent link: https://www.econbiz.de/10011867116
countries which adopted the common currency since 2002. Based on "state of the art" gravity estimations for the period 1992 …-2013, we reach three main conclusions. First, estimates from an appropriately specified and estimated gravity equation provide … global average during the 2002-2013 period. Using the functional form of a theory-consistent gravity equation, we perform …
Persistent link: https://www.econbiz.de/10011597238
We provide evidence indicating that countries with well-developed social security systems do not necessarily face a trade-off between social spending and competitiveness. On average, countries that spend a lot on social needs score well in the competitiveness league. We investigate the...
Persistent link: https://www.econbiz.de/10011506440
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