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Estimating border effects : the impact of spatial aggregation
Coughlin, Cletus Charles; Novy, Dennis - 2016
this paper, we investigate the sensitivity of standard gravity estimation to spatial aggregation. We build a model in which …. Even if no border frictions exist at the micro level, gravity estimation on aggregate data can still produce large border …
Persistent link: https://www.econbiz.de/10011458028
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Multimarket linkages, cartel discipline and trade costs
Agnosteva, Delina; Syropoulos, Constantinos; Yotov, Yoto V. - 2017
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
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Heterogeneous economic integration agreement effects
Baier, Scott L.; Bergstrand, Jeffrey H.; Clance, Matthew W. - 2015
Gravity equations have been used for more than 50 years to estimate ex post the partial effects of trade costs on …
Persistent link: https://www.econbiz.de/10011309578
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Disentangling frictions across the world : markups versus trade costs
Heid, Benedikt; Stähler, Frank - 2024
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
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Trade agreements
Kowalczyk, Carsten; Riezman, Raymond Glenn - 2009
This paper reviews the most significant recent developments in the theory of trade agreements. The paper offers an integrated approach to evaluating trade agreements, and uses the approach to present results on preferential and multilateral trade agreements. The paper identifies also several...
Persistent link: https://www.econbiz.de/10003850514
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Trade, factor mobility and the extent of economic integration : theory and evidence
Mikolajun, Irena; Viaene, Jean-Marie - 2015
The Middle East was once seen as a medieval great globalized force. Nowadays it shows one of the lowest intra-regional trade in the world and therefore it is claimed that the region is poorly integrated. Yet, with the steady .ow of workers across national borders of the Middle East is this...
Persistent link: https://www.econbiz.de/10011309224
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The economic impact of deepening trade agreements
Fontagné, Lionel; Rocha, Nadia; Ruta, Michele; … - 2022
This paper explores the economic impacts of preferential trade agreements, conditional on their level of ambition. We cluster 278 agreements, encompassing 910 provisions over 18 policy areas and estimate the trade elasticity for the different clusters. We then use these elasticities in a series...
Persistent link: https://www.econbiz.de/10012801551
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Pampered bureaucracy, political stability, and trade integration
Stroup, Caleb; Zissimos, Benjamin - 2017
This paper examines the effect of trade integration and comparative advantage on one of a country's institutions, which in turn inuences its economic efficiency. The environment we explore is one in which a country's lower classes may revolt and appropriate wealth owned by a ruling elite. The...
Persistent link: https://www.econbiz.de/10011615513
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Fixed export costs and export behavior
Castro, Luis; Li, Ben; Maskus, Keith E.; Xie, Yiqing - 2014
This paper provides a direct test of how fixed export costs and productivity jointly determine firm-level export behavior. Using Chilean data, we construct indices of fixed export costs for each industry-region-year triplet and match them to domestic firms. Our empirical results show that firms...
Persistent link: https://www.econbiz.de/10010256719
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Gravity models and the law of large numbers
Jareb, Colin; Nigai, Sergey - 2020
can be expressed via a deterministic gravity equation that is log-linear in exporter-specific, importer-specific and … bilateral trade cost components. This paper shows that when the number of traded goods is finite, the gravity equation has a … structural stochastic component not related to the fundamental gravity forces. It provides a novel explanation of the differences …
Persistent link: https://www.econbiz.de/10012287305