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Staggered difference-in-differences in gravity settings : revisiting the effects of trade agreements
Nagengast, Arne J.; Yotov, Yoto - 2023
structural gravity model. To test the ETWFE, we estimate the effects of regional trade agreements (RTAs). The results suggest … that RTA estimates in the current gravity literature may be biased downward (by more than 50% in our sample). Sensitivity … and for gravity regressions on migration and FDI flows. …
Persistent link: https://www.econbiz.de/10014435475
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On the degree of homogeneity in dynamic heterogeneous panel data models
Offermanns, Christian J. - 2014
We propose a semi-parametric approach to heterogeneous dynamic panel data modelling. The method generalizes existing approaches to model cross-section homogeneity within such panels. It allows for partial influence of other cross-section units on estimated coefficients, differentiating between...
Persistent link: https://www.econbiz.de/10010414225
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Macroeconomic now- and forecasting based on the factor error correction model using targeted mixed frequency indicators
Kurz-Kim, Jeong-Ryeol - 2016
Since the influential paper of Stock and Watson (2002), the dynamic factor model (DFM) has been widely used for forecasting macroeconomic key variables such as GDP. However, the DFM has some weaknesses. For nowcasting, the dynamic factor model is modified by using the mixed data sampling...
Persistent link: https://www.econbiz.de/10011566828
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Epidemic trade
Börner, Lars; Severgnini, Battista - 2011
Black Death struck most areas of Europe and the wider Mediterranean. Based on a modified version of the gravity model, we … the importance and causes of medieval trade. -- Trade ; Middle Ages ; Black Death ; Gravity model ; Poisson regression …
Persistent link: https://www.econbiz.de/10009242313
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Natural resources, export concentration and financial development
Hattendorff, Christian - 2014
Recent studies indicate that the natural resource curse, that is, the negative link between resource abundance and growth, may operate through a country’s financial system. Scholars show that resource-abundant economies suffer from lower financial development, which may indirectly affect...
Persistent link: https://www.econbiz.de/10010433904
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Natural resources, demand for external finance and financial development
Hattendorff, Christian - 2014
The paper contributes to the ongoing debate on the natural resource curse, which postulates a negative link between natural resource abundance and economic growth. It shows empirically that resource-rich countries appear to have a less developed financial system and investigates a potential...
Persistent link: https://www.econbiz.de/10010433905
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German wage moderation and European imbalances : feeding the global VAR with theory
Bettendorf, Timo; León-Ledesma, Miguel A. - 2015
German labor market reforms in the 1990s and 2000s are generally believed to have driven the large increase in the dispersion of current account balances in the Euro Area. We investigate this hypothesis quantitatively. We develop an open economy New Keynesian model with search and matching...
Persistent link: https://www.econbiz.de/10011292316
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Return of the tariffs : the interwar trade collapse revisited
Adam, Marc Christopher - 2019
collapse of the gold standard? Using recent advances in the estimation of gravity equations, I examine the partial and general …
Persistent link: https://www.econbiz.de/10012023385
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Exporting costs and multi-product shipments
Gomtsyan, David; Tarasov, Alexander - 2020
In this paper, employing transaction level data for Russian imports, we explore the role of multi-product shipments in explaining shipping patterns across countries. First, we document that firms from more developed countries include on average more different products into a single shipment. We...
Persistent link: https://www.econbiz.de/10012311869
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Trade policy: 'political' vs. 'economic' factors
Lutz, Stefan Heinz Hermann - 2002
Persistent link: https://www.econbiz.de/10013428513