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Do economic crises lead tourists to closer destinations? : an analysis of Italy's regional data

Cafiso, Gianluca; Cellini, Roberto; Cuccia, Tiziana - 2015

This article investigates whether the distance between origin and destination has played an increased role in shaping … 2012 are years of economic recession. The analytical tool employed is a gravity model. Our results document that distance …

Persistent link: https://www.econbiz.de/10010492324

Trade blocs and trade wars during the interwar period

Jacks, David S.; Novy, Dennis - 2019

What precisely were the causes and consequences of the trade wars in the 1930s? Were there perhaps deeper forces at work in reorienting global trade prior to the outbreak of World War II? And what lessons may this particular historical episode provide for the present day? To answer these...

Persistent link: https://www.econbiz.de/10012024515

FDI, trade integration and the border effect : evidence from the European Union

Martínez-San Román, Valeriano; Bengoa, Marta; … - 2014

This paper intends to combine two fields in the economic literature by examining empirically the FDI pattern - horizontal versus vertica l- within the European Union and the relevance of trade integration as a potential determinant of investment flows over the period 1995-2009. We capture trade...

Persistent link: https://www.econbiz.de/10010371905

Spain, split and talk : quantifying regional independence

Adam, Hanna L.; Larch, Mario; Paniagua, Jordi - 2023

We quantify the economic impact of a potential secession of Catalonia from Spain. Using a novel dataset of trade flows between 17 Spanish sub-national regions and 142 countries, we estimate effects of different levels of borders on trade flows and uncover heterogeneity in country-to-country,...

Persistent link: https://www.econbiz.de/10014422586

Heterogeneous economic integration agreement effects

Baier, Scott L.; Bergstrand, Jeffrey H.; Clance, Matthew W. - 2015

distance and adjacency, capturing variable natural trade costs; however, the heterogeneity in EIAs' partial effects on the … extensive margin is explained empirically by distance and adjacency, as well as several other cultural and institutional …

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

On the widely differing effects of free trade agreements : lessons from twenty years of trade integration

Baier, Scott L.; Yotov, Yoto V.; Zylkin, Thomas - 2016

We develop a novel two-stage methodology that allows us to study the empirical determinants of the ex post effects of past free trade agreements (FTAs) as well as obtain ex ante predictions for the effects of future FTAs. We first identify 908 unique estimates of the effects of FTAs on different...

Persistent link: https://www.econbiz.de/10011560677

Economic integration agreements, border effects, and distance elasticities in the gravity equation

Bergstrand, Jeffrey H.; Larch, Mario; Yotov, Yoto V. - 2013

agreements, national borders, and bilateral distance. First, recent studies focusing on precise and unbiased estimates of effects … confirm recent evidence providing a solution to the “distance-elasticity puzzle,” but show that these estimates of the … declining effect of distance on international trade are biased upward by not accounting for endogenous EIA formations and …

Persistent link: https://www.econbiz.de/10010212649

Gravity-model estimation with time-interval data : revisiting the impact of free trade agreements

Egger, Peter; Larch, Mario; Yotov, Yoto - 2020

We challenge the common practice of estimating gravity equations with time-interval data in order to capture dynamic-adjustment effects to trade-policy changes. Instead, we point to a series of advantages of using consecutive-year data recognizing dynamic-adjustment effects. Our analysis reveals...

Persistent link: https://www.econbiz.de/10012287795

Putting Canada in the penalty box : trade and welfare effects of eliminating NAFTA

Baier, Scott L.; Bergstrand, Jeffrey H.; Bruno, John P. - 2019

Three years ago, very few economists would have imagined that one of the newest and fastest growing research areas in international trade is the use of quantitative trade models to estimate the economic welfare losses from dissolutions of major countries' economic integration agreements (EIAs)....

Persistent link: https://www.econbiz.de/10012026353

Subnational income growth and international border effects

Adam, Hanna L.; Larch, Mario; Stadelmann, David - 2021

This paper analyses the effect of international borders and of trade agreements at international borders on subnational (i.e. regional) growth. We construct an extensive panel dataset covering 1,350 regions in 86 countries worldwide between 1950 and 2017. Our results show that international...

Persistent link: https://www.econbiz.de/10012533891