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Effective trade costs and the current account : an empirical analysis
Boz, Emine; Li, Nan; Zhang, Hongrui - 2019
A view receiving increased support is that the height of trade costs in prime export sectors has a strong effect on current account balances: countries specializing in sectors that face relatively high trade costs, such as services, tend to run current account deficits, and similarly, countries...
Persistent link: https://www.econbiz.de/10012001519
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Trade Costs, Market Integration, and Macroeconomic Volatility
Naknoi, Kanda - 2003
This paper examines the effects of trade costs on macroeconomic volatility. We first construct a dynamic, two-country general equilibrium model, where the degree of market integration depends directly on trade costs (transport costs, tariffs, etc.). The model is a extension of Obstfeld and...
Persistent link: https://www.econbiz.de/10014403962
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Distribution costs
Peter, Alessandra; Ruane, Cian - 2021
We provide the first direct estimates of distribution expenses incurred by manufacturing plants and assess their importance for aggregate output. Using a novel measure from the Indian Annual Survey of Industries, we document three key facts: (1) distribution expenses are large - they amount to...
Persistent link: https://www.econbiz.de/10013170582
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Do Long-Run Productivity Differentials Explain Long-Run Real Exchange Rates?
Asea, Patrick K. - 1994
Balassa-Samuelson model, namely that (i) productivity differentials determine the domestic relative price of nontradables and …. The evidence indicates that labor productivity differentials do explain long-run, cross-country differences in relative …
Persistent link: https://www.econbiz.de/10014397957
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In Search of WTO Trade Effects : Preferential Trade Agreements Promote Trade Strongly, But Unevenly
Eicher, Theo S. - 2009
The literature measuring the impact of Preferential Trade Agreements (PTA) and WTO membership on trade flows has produced remarkably diverse results. Rose''s (2004) seminal paper reports a range of specifications that show no WTO effects, but Subramanian and Wei (2007) contend that he does not...
Persistent link: https://www.econbiz.de/10014402393
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Measuring the Trade Effects of EMU
Faruqee, Hamid - 2004
This paper examines the impact of European Economic and Monetary Union (EMU) on trade within the euro area. Using panel data for 22 industrial countries, the analysis estimates the effect of the euro''s arrival on area-wide trade compared to bilateral trade flows between other industrial...
Persistent link: https://www.econbiz.de/10014404163
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The macroeconomic effects of trade tariffs : revisiting the Lerner symmetry result
Lindé, Jesper; Pescatori, Andrea - 2017
We study the robustness of the Lerner symmetry result in an open economy New Keynesian model with price rigidities. While the Lerner symmetry result of no real effects of a combined import tariff and export subsidy holds up approximately for a number of alternative assumptions, we obtain...
Persistent link: https://www.econbiz.de/10011705009
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The global welfare impact of China : trade integration and technological change
Di Giovanni, Julian; Levchenko, Andrei A.; Zhang, Jing - 2012
Persistent link: https://www.econbiz.de/10009572379
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China's Economic Growth : International Spillovers
Vamvakidis, Athanasios - 2010
This paper presents some facts on China’s role in the world economy and measures the impact of China’s growth on growth in the rest of the world in the short and long term. Short-run estimates based on VARs and error-correction models suggest that spillover effects of China’s growth have...
Persistent link: https://www.econbiz.de/10014402923
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International Trade and Productivity Growth : Exploring the Sectoral Effects for Developing Countries
Choudhri, Ehsan U. - 2000
pattern of international trade and production on the overall productivity growth of a developing country. A key result is that … productivity growth. The authors also find that a production-share weighted average of (technological leaders’) sectoral … productivity growth rates has a significant effect on the rate of aggregate productivity growth …
Persistent link: https://www.econbiz.de/10014399806