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Untangling real gravity
Klaassen, Franc; Teulings, Rutger - 2017
, also the importer's REER matter, and we can identify the elasticity of substitution. We estimate real gravity for 18 OECD … all variables proposed by theory, despite a broad set of fixed effects (FE). We find that both REERs are important and … estimate an elasticity of substitution of 1.5. If we assume homogeneous parameters, as is common, the remaining unexplained …
Persistent link: https://www.econbiz.de/10011791519
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Cross-border mergers and acquisitions : on revealed comparative advantage and merger waves
Brakman, Steven; Garretsen, Harry; Marrewijk, Charles van - 2008 - This version: January 2008
By combining two large data sets (on international trade flows and cross-border mergers and acquisitions - M&As), we test two implications of Neary’s (2003, 2007) general oligopolistic equilibrium (GOLE) model (incorporating strategic interaction between firms in a general equilibrium...
Persistent link: https://www.econbiz.de/10011374427
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Export growth and factor market competition : theory and some evidence
Namini, Julian Emami; Facchini, Giovanni; López, Ricardo A. - 2011
Empirical evidence suggests that sectoral export growth decreases exporters' survival probability, whereas this is not true for non-exporters. Models with firm heterogeneity in total factor productivity (TFP) predict the opposite. To solve this puzzle, we develop a two{factor framework where...
Persistent link: https://www.econbiz.de/10011382743
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Skill intensity in foreign trade and economic growth
Wörz, Julia - 2004
estimation pointtowards a positive long-run growth effect arising from trade specialization in medium …
Persistent link: https://www.econbiz.de/10011335211
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The elasticities of complementarity and substitution
Broer, Dirk Peter - 2004
This paper argues that the conventional definition of the elasticity of complementarity is not well suited to deal with … definition of the elasticity of substitution. …
Persistent link: https://www.econbiz.de/10011337999
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The trade-off between foreign direct investments and exports : the role of multiple dimensions of distance
Lankhuizen, Maureen; Groot, Henri L. F. de; Linders, … - 2009
Investment (FDI). The conventional proximity-concentration theory suggests that FDI substitutes for trade if distance between …
Persistent link: https://www.econbiz.de/10011378320
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Does trade integration imply growth in Latin America? : evidence from a dynamic spatial spillover model
Blasques, F.; Gorgi, P.; Koopman, Siem Jan; Sampi, J. - 2023
To investigate the role of intra-regional trade integration on economic growth in Latin America, we develop a multilevel spatial production network model with time-varying parameters. The theoretical model is established for a multi-country and multi-sectoral economy. The reduced-form...
Persistent link: https://www.econbiz.de/10014233425
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Skill intensity in foreign trade and economic growth
Wörz, Julia - 2004
Persistent link: https://www.econbiz.de/10002081891
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Made and created in China : super processors and two-way heterogeneity
Chen, Zhiyuan; Erbahar, Aksel; Zi, Yuan - 2019
In this paper, we show that there exists a special breed of firms that are active in both ordinary and processing exports. Contrary to the existing literature that describes processing firms as inferior, these mixed firms are superior to other firms in multiple dimensions, and hence we call them...
Persistent link: https://www.econbiz.de/10012122573
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Price and income elasticities of residential water demand : why empirical estimates differ
Dalhuisen, Jasper M.; Florax, Raymond J. G. M.; Groot, … - 2001
empirical estimates of the price and income elasticity ofresidential water demand vary to such considerable extents. The set of … explanatory factors used in themeta-analysis includes variables derived from microeconomic choice theory and moderator variables …
Persistent link: https://www.econbiz.de/10011398958