Showing 1 - 10 of 1,762
Trade data are typically reported at the level of regions or countries and are therefore aggregates across space. In this paper, we investigate the sensitivity of standard gravity estimation to spatial aggregation. We build a model in which initially symmetric micro regions are combined to form...
Persistent link: https://www.econbiz.de/10011458028
, we embed a novel quarterly composite global production index for the four basic staples (corn, wheat, rice and soybeans …
Persistent link: https://www.econbiz.de/10011565633
Persistent link: https://www.econbiz.de/10001107505
Engel and Rogers (1996) find that crossing the US-Canada border can considerably raise relative price volatility and …
Persistent link: https://www.econbiz.de/10003300940
We examine the quantitative predictions of heterogeneous firm models à la Melitz (2003) in the context of the Canada …
Persistent link: https://www.econbiz.de/10009773860
the data. Exploring the determinants of Canada's tariff cuts at the 8 digit HS product level, we find that CUSFTA acted as …
Persistent link: https://www.econbiz.de/10009665362
viewpoint of the foreign country. Calibrating the model to match industry-level data in the U.S. and Canada, we show that at …
Persistent link: https://www.econbiz.de/10011481156
Previous assessments of nominal exchange rate determination have focused upon a narrow set of models typically of the 1970 s vintage, including monetary and portfolio balance models. In this paper we re-assess the in-sample fit and out-of-sample prediction of a wider set of models that have been...
Persistent link: https://www.econbiz.de/10011507659
,rather than exchange rate regimes and questions of policy credibility and political accountability are crucial. Canada's recent … performance are assessed. The most economically attractive among alternative monetary orders, the adoption by Canada of the US … politically attainable. Intermediate arrangements are unattractive and clearly inferior to Canada's current monetary order. …
Persistent link: https://www.econbiz.de/10011541166
Canada-US regional data, we structurally estimate the model and simulate the impacts of removing all trade barriers generated … by the Canada-US border. We find that Canadian average labor productivity increases by 8.03%, whereas US average labor …
Persistent link: https://www.econbiz.de/10009683263