Similar Search Results

Anderson, James E.; Yotov, Yoto V. - 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

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 international trade flows, and the well-known - and traditionally presumed exogenous - "trade-cost elasticity" plays a central role in computing general equilibrium trade-flow and...

Persistent link: https://www.econbiz.de/10011309578

Product versus process : innovation strategies of multi-product firms

Flach, Lisandra; Irlacher, Michael - 2015

We investigate the effect of better access to foreign markets on innovation strategies of multi-product firms in industries with different scope for product differentiation. Industry-specific demand and cost linkages induce a distinction between the returns to innovation. In differentiated...

Persistent link: https://www.econbiz.de/10011283837

Growth and trade with frictions : a structural estimation framework

Anderson, James E.; Larch, Mario; Yotov, Yoto V. - 2015

. Theory translates into an intuitive econometric system that identifies the causal impact of trade on income and growth, and …

Persistent link: https://www.econbiz.de/10011298529

Persistence in the market risk premium : evidence across countries

Caporale, Guglielmo Maria; Gil-Alaña, Luis A.; … - 2020

This paper provides evidence on the degree of persistence of one of the key components of the CAPM, namely the market risk premium, as well as its volatility. The analysis applies fractional integration methods to data for the US, Germany and Japan, and for robustness purposes considers...

Persistent link: https://www.econbiz.de/10012199998

Relative prices and climate policy : how the scarcity of non-market goods drives policy evaluation

Drupp, Moritz A.; Hänsel, Martin C. - 2020

Climate change not only impacts production and market consumption, but also the relative scarcity of non-market goods, such as environmental amenities. We study fundamental drivers of the resulting relative price changes, their potential magnitude, and their implications for climate policy in...

Persistent link: https://www.econbiz.de/10012154637

Estimating the effects of nondiscriminatory trade policies within structural gravity models

Heid, Benedikt; Larch, Mario; Yotov, Yoto V. - 2017

We propose a simple method to identify the effects of unilateral and non-discriminatory trade policies on bilateral trade within a theoretically-consistent empirical gravity model. Specifically, we argue that structural gravity estimations should be performed with data that include not only...

Persistent link: https://www.econbiz.de/10011750135

Where is the value added? : trade liberalization and production networks

Aichele, Rahel; Heiland, Inga - 2016

theory-based measures for production networks from a multi-sector gravity model with inter-sectoral linkages to analyze the …, calibrate it to the year 2000 using the World Input-Output Database, and perform a counterfactual analysis of China’s WTO … and for about 7% of the decline in this figure on the world level as observed between 2000 and 2007. Furthermore, our …

Persistent link: https://www.econbiz.de/10011517926

GVCs and the endogenous geography of RTAs

Fontagné, Lionel; Santoni, Gianluca - 2018

Geography, economic size, or common history, help predicting signed regional trade agreements (RTAs). However, not all signed RTAs are "natural" according to economic determinants. En-dogeneity and general equilibrium effects of RTAS are the two mechanisms addressed in this paper. We estimate...

Persistent link: https://www.econbiz.de/10011822134

Institutions, trade and development : a quantitative analysis

Beverelli, Cosimo; Keck, Alexander; Larch, Mario; … - 2018

We propose and apply methods to quantify the impact of national institutions on international trade and development. We are able to identify the direct impact of country-specific institutions on international trade within the structural gravity framework. Our approach naturally addresses the...

Persistent link: https://www.econbiz.de/10011800710