Narrow search
Showing 1 - 10 of 4,859
Cover Image
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
Cover Image
Forensics, elasticities and Benford's law
Demir, Banu; Javorcik, Beata K. Smarzynska - 2018
Estimates of the trade elasticity based on actual trade policy changes are scarce, and the few that exist are all over the place. This paper offers a setting where an exogenous increase in a border tax can be used to estimate the trade elasticity. It shows theoretically and empirically that if...
Persistent link: https://www.econbiz.de/10011919464
Cover Image
Twin deficits through the looking glass : time-varying analysis in the euro area
Afonso, António; Coelho, José Carlos - 2022
Using two measures of the fiscal position, the cyclically adjusted primary budget balance (CAPB) and the total budget balance, we assess the Twin Deficit Hypothesis for the Euro Area in the period 1995-2020. Furthermore, we estimate time-varying coefficients of the current account balance...
Persistent link: https://www.econbiz.de/10012813893
Cover Image
Exports and capacity constraints : evidence for several euro area countries
Belke, Ansgar; Oeking, Anne; Setzer, Ralph - 2015
model for six euro area countries suggests domestic demand and capacity constraints as additional variables for export … developments are relevant for short-run export dynamics particularly during more extreme stages of the business cycle. A …
Persistent link: https://www.econbiz.de/10011300368
Cover Image
Estimating the effects of nondiscriminatory trade policies within structural gravity models
Heid, Benedikt; Larch, Mario; Yotov, Yoto V. - 2017
.g. most favored nation tariffs) and on the exporter side (e.g. export subsidies), even in the presence of exporter and … importer fixed effects. An important byproduct of our approach is that it can be used to recover estimates of the export … "Time to Export" as representative determinants of trade on the importer and on the exporter side, respectively. Our methods …
Persistent link: https://www.econbiz.de/10011750135
Cover Image
Who pays for the tariffs and why? : a tale of two countries
Feng, Chaonan; Han, Liyan; Li, Lei - 2023
product-level tariff pass-through and show that a higher ratio of import demand elasticity over export supply elasticity leads …
Persistent link: https://www.econbiz.de/10014293293
Cover Image
From theory to policy with gravitas : a solution to the mystery of the excess trade balances
Felbermayr, Gabriel; Yotov, Yoto V. - 2019
Bilateral trade balances often play an important role in the international trade policy debate. Academic economists understand that they are misleading indicators of competitiveness and of the gains from trade. However, they also recognize their political relevance, calling for accurate...
Persistent link: https://www.econbiz.de/10012064371
Cover Image
Balanced growth despite Uzawa
Grossman, Gene M.; Helpman, Elhanan; Oberfield, Ezra; … - 2016
Evidence for the United States suggests balanced growth despite falling investment-good prices and less than unitary elasticity of substitution between capital and labor. This is inconsistent with the Uzawa Growth Theorem. We extend Uzawa.s theorem to show that introducing human capital...
Persistent link: https://www.econbiz.de/10011434429
Cover Image
Capital-labor substitution, structural change and growth
Alvarez-Cuadrado, Francisco; Long, Ngo Van; Poschke, Markus - 2016 - This Draft: May 25, 2016
There is growing interest in multi-sector models that combine aggregate balanced growth, consistent with the well-known Kaldor facts, with systematic changes in the sectoral allocation of resources, consistent with the Kuznets facts. Although variations in the income elasticity of demand across...
Persistent link: https://www.econbiz.de/10011482690
Cover Image
Structural change in production networks and economic growth
Gaggl, Paul; Gorry, Aspen; Vom Lehn, Christian - 2023
This paper studies structural change in production networks for intermediate inputs (input-output network) and new capital (investment network). For each network, we document a declining fraction of production by goods sectors and a rising fraction of production by services sectors. We develop a...
Persistent link: https://www.econbiz.de/10014285534