Showing 1 - 10 of 1,810
How do trade costs affect international trade? This paper offers a new approach. We rely on a flexible gravity equation that predicts variable trade cost elasticities, both across and within country pairs. We apply this framework to the effect of currency unions on international trade. While we...
Persistent link: https://www.econbiz.de/10011867116
panel econometric generic structure. The issues covered range from the estimation of double-indexed versus higher …One of the oldest and largest literatures in empirical economics is concerned with the estimation of demand and supply … across pairs or regional units or even across cross-sectional units and time inevitably leads to a panel data structure of …
Persistent link: https://www.econbiz.de/10010237192
In view of the deferred start of negotiations for the modernization of the Customs Union between the EU and Turkey (CU … additional increase in EU-Turkey manufacturing trade by 55-65% compared to the previously active Ankara Agreement. We also … provide evidence that the CU-EUT significantly increased Turkey’s trade with third countries. Additionally, a substantial …
Persistent link: https://www.econbiz.de/10011966895
Following Turkey's application for EU membership in 1987, a Customs Union (CU) between Turkey and the EU, mainly … agricultural sector, Turkey also specializes in the production and exportation of relatively low-price, low-quality varieties of … asymmetric changes in the trade volumes of the incumbent countries of the EU as a result of the EU-Turkey CU. By examining …
Persistent link: https://www.econbiz.de/10003201728
and economic welfare using a structural gravity framework for a panel of 97 developed and developing countries from 2000 …
Persistent link: https://www.econbiz.de/10013550200
This paper identifies a "border" effect in the absence of a border. The finding that trade between East- and West-Japan is 23.1 to 51.3 percent lower than trade within both country parts, is established despite the absence of an obvious east-west division due to historical borders, cultural...
Persistent link: https://www.econbiz.de/10011853219
This paper assesses whether the sensitivity of bilateral trade volumes to various trade cost factors is constant or varies across countries. It utilizes a random coeffcients model and analyses a cross-sectional sample of bilateral trade data for 96 countries in 2005. We expect the elasticity of...
Persistent link: https://www.econbiz.de/10010371278
We develop a structural framework that allows us to quantify the evolution of aggregate bilateral trade costs and markups over time. With minimal assumptions, we can disentangle aggregate markup and trade cost changes from observed changes in trade flows. We apply our method to trade data...
Persistent link: https://www.econbiz.de/10015081337
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
This paper proposes a new panel data structural gravity approach for estimating the trade and welfare effects of Brexit …
Persistent link: https://www.econbiz.de/10011781959