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This paper examines the impact of European Economic and Monetary Union (EMU) on trade within the euro area. Using panel … trade, the panel analysis employs cointegration techniques to obtain reliable point estimates of EMU trade effects. Cross …
Persistent link: https://www.econbiz.de/10014404163
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
This paper assesses the effect of constrained trade finance on trade flows in countries undergoing financial and balance of payments crises. Most of the countries that had a major crisis had a significant trade contraction, while trade-related finance declined sharply. However, trade may also be...
Persistent link: https://www.econbiz.de/10014404046
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
Persistent link: https://www.econbiz.de/10010389497
This paper extends the Bayesian Model Averaging framework to panel data models where the lagged dependent variable as …. These findings suggest that our methodology is well suited for inference in short dynamic panel data models with endogenous … regressors in the context of model uncertainty. We illustrate the use of LIBMA in an application to the estimation of a dynamic …
Persistent link: https://www.econbiz.de/10014398254
Persistent link: https://www.econbiz.de/10009486257
This paper investigates the asymmetries in trade spillovers from sector-specific technology shocks in China to selected euro area countries. We use a Ricardian-gravity trade model to estimate sectoral competitiveness in individual euro area countries. Simulations on the impact of productivity...
Persistent link: https://www.econbiz.de/10009622526
basis of cross-section and panel regressions for 1995-2002, we find that Russian exports to WTO members have fallen short of …
Persistent link: https://www.econbiz.de/10014404162
This paper analyzes the impact of political instability in Côte d’Ivoire on WAEMU trade over 1990-2007, applying panel …
Persistent link: https://www.econbiz.de/10014401112