Showing 1 - 10 of 51
Persistent link: https://www.econbiz.de/10009723031
During the last decades, the growth of trade between China and the Netherlands has been larger than the increase in bilateral trade flows between China and most other countries. Using a time series based gravity model, this paper investigates the main determinants of this increase. The empirical...
Persistent link: https://www.econbiz.de/10011374425
institutional and cultural dimensions of distance. Our results reveal there is substantial heterogeneity in the impact of intangible …
Persistent link: https://www.econbiz.de/10011377611
cultural and institutional distance, and institutional quality. Analyzing a sample of bilateral trade flows between 92 … countries in 1999, we find that institutional distance has a negative effect on bilateral trade, presumably because the … distance has a positive effect on bilateral trade. A potential explanation for this finding is that firms prefer trade to host …
Persistent link: https://www.econbiz.de/10011346486
Persistent link: https://www.econbiz.de/10009723029
Fixed effects (FE) in panel data models overlap each other and prohibit the identification of the impact of ''constant'' regressors. Think of regressors that are constant across countries in a country-time panel with time FE. The traditional approach is to drop some FE and constant regressors by...
Persistent link: https://www.econbiz.de/10011431460
costs of trade acrossgeographical and cultural distance. The quality of governance and the extent of familiaritywith the …
Persistent link: https://www.econbiz.de/10011333893
To study the effect of the euro on international goods trade one typically estimates a panel model for the level of trade. Trade levels increase over time, and we show that this is not fully explained by the included regressors. Because the euro is only present at the end of the sample, this may...
Persistent link: https://www.econbiz.de/10011334328
Ineffective institutions increase transaction costs and reduce trade. This paper shows that differences in the effectiveness of institutions offer an explanation for the tendency of OECD countries to trade disproportionately with each other, and with non-OECD countries.
Persistent link: https://www.econbiz.de/10011334343
Transaction costs are a major reason why international trade flows are much smaller than traditional trade theory would suggest. Trust between trading partners lowers transaction costs and may therefore enhance trade. The empirical analysis of this paper shows that more trust leads to more trade...
Persistent link: https://www.econbiz.de/10011334351