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the framework of ‘the new quantitative trade model.' We complement theory with a simple two-stage estimating procedure …
Persistent link: https://www.econbiz.de/10012669805
We nest an extended two-way fixed effect (ETWFE) estimator for staggered difference-in-differences within the structural gravity model. To test the ETWFE, we estimate the effects of regional trade agreements (RTAs). The results suggest that RTA estimates in the current gravity literature may be...
Persistent link: https://www.econbiz.de/10014431432
It is known that anti-social redistributive activities (rent seeking, tax evasion, corruption, violation of property rights, delay of socially beneficial reforms, etc) hurt the macroeconomy. But it is less known what is the role of government size as a determinant of such activities. We use data...
Persistent link: https://www.econbiz.de/10002746122
This paper argues that skill formation is a life-cycle process and develops the implications of this insight for Scottish social policy. Families are major producers of skills, and a successful policy needs to promote effective families and to supplement failing ones. Targeted early...
Persistent link: https://www.econbiz.de/10002576887
We propose a short-run theory of the extensive margins of trade, comprising the standard international extensive margin …
Persistent link: https://www.econbiz.de/10013285497
Starting with Tinbergen (1962), quantifying the effects of regional trade agreements (RTAs) on international trade flows has always been among the most popular topics in the trade literature. Also not surprisingly, to estimate the effects of RTAs, most researchers and policy analysts have relied...
Persistent link: https://www.econbiz.de/10013540804
the trade literature and the international real business cycle literature. The same theory-motivated estimating equation …
Persistent link: https://www.econbiz.de/10013473926
Persistent link: https://www.econbiz.de/10000913801
Making use of restrictions imposed by equilibrium, theoretical progress has been made on the nonparametric and semiparametric estimation and identification of scalar additive hedonic models (Ekeland, Heckman, and Nesheim, 2002) and scalar nonadditive hedonic models (Heckman, Matzkin, and...
Persistent link: https://www.econbiz.de/10011509388
This paper considers the identification and estimation of hedonic models. We establish that in an additive version of the hedonic model, technology and preferences are generically identified up to affine transformations from data on demand and supply in a single hedonic market. For a very...
Persistent link: https://www.econbiz.de/10011509453