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Currency unions, trade, and heterogeneity

Chen, Natalie; Novy, Dennis - 2018

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

Gravity, distance, and international trade

Baier, Scott L.; Kerr, Amanda; Yotov, Yoto V. - 2017

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

Revisiting time as a trade barrier : evidence from a panel structural gravity model

Oberhofer, Harald; Pfaffermayr, Michael; Sellner, Richard - 2018

trade using a theory-consistent structural gravity model. We exploit a rich panel data set including domestic trade flows …

Persistent link: https://www.econbiz.de/10011952072

Trade in times of uncertainty

Matzner, Anna Hilda; Meyer, Birgit; Oberhofer, Harald - 2023

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

The effects of transit systems on international trade

Carballo, Jerónimo; Graziano, Alejandro G.; Schaur, Georg - 2021 - This version: October 2021

$ 3-to-1. The estimation results also suggest that existing frameworks that emphasize shipping frequency and the formation …

Persistent link: https://www.econbiz.de/10012643557

Subnational income growth and international border effects

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

(i.e. regional) growth. We construct an extensive panel dataset covering 1,350 regions in 86 countries worldwide between …

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

Panel data gravity models of international trade

Baltagi, Badi H.; Egger, Peter; Pfaffermayr, Michael - 2014

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

Trade flows and trade specialisation : the case of China

Caporale, Guglielmo Maria; Sova, Anamaria; Sova, Robert - 2015

in China's trade patterns. The analysis is based on both economic indicators and the estimation of a gravity model, and … applies recently developed panel data methods that explicitly take into account unobserved heterogeneity, specifically the …

Persistent link: https://www.econbiz.de/10010483599

A democratic dividend in trade? : evidence from a flexible empirical implementation

Desbordes, Rodolphe; Eberhardt, Markus; Larch, Mario - 2025 - This version: March 4, 2025

We study the causal effect of country-specific democratic regime change on bilateral trade flows, extending structural gravity empirics to ‘heterogeneous gravity’ estimated at the country-pair level. Our difference-in-differences implementation accounts for selection into regime change,...

Persistent link: https://www.econbiz.de/10015332073

Estimating the trade and welfare effects of brexit : a panel data structural gravity model

Oberhofer, Harald; Pfaffermayr, Michael - 2017

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