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This paper defines a new measure of economic distance. Using consistent cross-country data, we estimate local unit costs for 35 sectors in 40 countries. The distance between two countries is the largest percentage difference in unit costs among all sectors. If all goods are traded, this distance...
Persistent link: https://www.econbiz.de/10010519921
We review and interpret the main theoretical developments in the gravity literature from its very early, a-theoretical applications to the latest structural contributions. We also discuss challenges and implement methods to estimate empirical gravity equations. We finish with a presentation and...
Persistent link: https://www.econbiz.de/10011611143
Persistent link: https://www.econbiz.de/10014252562
Using six years of firm-level data covering 224 regions of the enlarged European Union, we evaluate the importance to a firm of locating its activities (production, headquarters, R&D, logistics and sales) close together. We find that, after controlling for regional characteristics, being closely...
Persistent link: https://www.econbiz.de/10008808240
This paper analyses the direct and indirect trade volume and trade cost effects of uncertainty on international trade and economic welfare using a structural gravity framework for a panel of 97 developed and developing countries from 2000 to 2018. Our results suggest that an increase in...
Persistent link: https://www.econbiz.de/10013550200
different counterfactual post-Brexit scenarios, our main findings suggest that UKs (EUs) exports of goods to the EU (UK) are … UK, the negative trade effects are only partially offset by an increase in domestic goods trade and trade with third … effects for the EU are negligible in magnitude and statistically not different from zero. …
Persistent link: https://www.econbiz.de/10011781959
380 local authority areas in the United Kingdom. We find that exposure to the EU in terms of immigration and trade …
Persistent link: https://www.econbiz.de/10011646454
The vast literature on the effects of immigration on wages and employment is plagued by likely endogeneity and aggregation biases. Ours is among the first papers to address both of these issues by means of causality analysis and by accounting for human capital endowments. Our analysis confirms...
Persistent link: https://www.econbiz.de/10011646817
(1970 - 2007) for twenty-three industries across eleven euro area countries. By using the EU KLEMS database, which provides …
Persistent link: https://www.econbiz.de/10010370168
-tariff barriers. We find that, for the particular case of the EU, it is not possible to strictly discriminate between horizontal or …
Persistent link: https://www.econbiz.de/10010371905