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Gravity estimation of the intensive and extensive margins of trade : an alternative procedure with alternative data
Flam, Harry; Nordström, Håkan - 2011
. By using data on the number of bilaterally traded products we improve on identification and allow estimation of the … heteroscedasticity bias is large and important. -- gravity estimation ; heteroscedasticity in data ; intensive and extensive margin …
Persistent link: https://www.econbiz.de/10009011147
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Disentangling frictions across the world : markups versus trade costs
Heid, Benedikt; Stähler, Frank - 2024
in trade flows. We apply our method to trade data between 1990 and 2015 for the world’s 100 largest economies. We find …
Persistent link: https://www.econbiz.de/10015081337
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Exploring the intensive and extensive margins of world trade : presented at Venice Summer Institute, Workshop on Dissecting Globalization, July 2004
Felbermayr, Gabriel; Kohler, Wilhelm - 2004
World trade evolves at two margins. Where a bilateral trading relationship already exists it may increase through time … have not traded with each other in the past (extensive margin). We provide an empirical dissection of post-World-War- II … growth in manufacturing world trade along these two margins. We propose a "cornersolutions- version"of the gravity model to …
Persistent link: https://www.econbiz.de/10011450770
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The determinants of trade costs : a random coefficients approach
Egger, Peter; Průša, Jan - 2014
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
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Distance, globalization, and international trade
Borchert, Ingo; Yotov, Yoto V. - 2016
For a long time globalization could be seen everywhere but in gravity estimates. We offer evidence how globalization affects manufacturing trade over the period 1986-2006 and show that, on average, the effect of distance has fallen whereas the effects of proximity and regional trade agreements...
Persistent link: https://www.econbiz.de/10011586305
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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
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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
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Gravity without apology : the science of elasticities, distance, and trade
Carrère, Céline; Mrázová, Monika; Neary, J. Peter - 2020
Gravity as both fact and theory is one of the great success stories of recent research on international trade, and has featured prominently in the policy debate over Brexit. We first review the facts, noting the overwhelming evidence that trade tends to fall with distance. We then introduce some...
Persistent link: https://www.econbiz.de/10012177012
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Institutions, trade and development : a quantitative analysis
Beverelli, Cosimo; Keck, Alexander; Larch, Mario; … - 2018
We propose and apply methods to quantify the impact of national institutions on international trade and development. We are able to identify the direct impact of country-specific institutions on international trade within the structural gravity framework. Our approach naturally addresses the...
Persistent link: https://www.econbiz.de/10011800710
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Trade in times of uncertainty
Matzner, Anna Hilda; Meyer, Birgit; Oberhofer, Harald - 2023
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