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The specification of the world closure, i.e. the way of closing the domestic economy model by incorporating the … all countries. This paper looks explicitly at the assumptions concerning the trade behaviour of the rest of the world that … world's export supply function in which a constant finite price elasticity is introduced. The second change concerns the …
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We examine how the adverse impacts of weather shocks are distributed through the trade network. Exploiting a rich, theoretically derived, fixed effects structure, we find significant negative short-run effects of high temperature on exports. A month with an average temperature above 30 °C...
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