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Staggered difference-in-differences in gravity settings : revisiting the effects of trade agreements

Nagengast, Arne J.; Yotov, Yoto - 2023

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

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

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

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

Pound for pound export diversification

Anderson, James E.; Yotov, Yoto - 2020

We propose a short-run model of the extensive margin of trade and deploy it to distinguish and quantify domestic and cross-border margins. Our empirical focus is on the domestic extensive margin of trade (domestic distribution of a product) and its importance for quantifying policy and...

Persistent link: https://www.econbiz.de/10012404546

On the heterogeneous trade and welfare effects of GATT/WTO membership

Felbermayr, Gabriel; Larch, Mario; Yalçin, Erdal; … - 2020

We build on the latest developments in the structural gravity literature to quantify the partial and general equilibrium effects of GATT/WTO membership on trade and welfare. Using an extensive database covering manufacturing trade for 186 countries over the period 1980-2016, we find that the...

Persistent link: https://www.econbiz.de/10012287974

Short run gravity

Anderson, James E.; Yotov, Yoto - 2017

Short run gravity is a geometric weighted average of long run gravity and bilateral capacity. The model features (i) joint trade costs endogenous to bilateral volumes, (ii) long run gravity as a limiting case of effcient investment in bilateral capacities, (iii) a structural ratio of short run...

Persistent link: https://www.econbiz.de/10011659435

Short run gravity

Anderson, James E.; Yotov, Yoto - 2017

Persistent link: https://www.econbiz.de/10011674483

Quantifying the extensive margin(s) of trade : the case of uneven European integration

Anderson, James E.; Yotov, Yoto - 2022

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

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 to study the impact of economic sanctions on international trade in the mining sector, which includes oil and natural gas. We demonstrate that the gravity equation is well suited...

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

The variation of gravity within countries (or 15 reasons why gravity should be estimated with domestic trade flows)

Yotov, Yoto - 2021

foundations and clear gains from theory-consistent policy analysis, there are still gaps between gravity theory and empirics. This … paper focuses on domestic trade flows, and I argue that there are significant benefits from adhering to theory by estimating … survey of the literature reveals the need for further theory contributions and new data developments, and points to …

Persistent link: https://www.econbiz.de/10012510016

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

We propose a simple and flexible econometric approach to quantify ex-ante the "deep" impact of trade liberalization and the "hard" effects of protection with the empirical structural gravity model. Specifically, we argue that the difference between the estimates of border indicator variables for...

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