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This paper develops a gravity model framework to estimate the impact of infectious diseases on bilateral tourism flows among 38,184 pairs of countries over the period 1995-2017. The results confirm that international tourism is adversely affected by disease risk, and the magnitude of this...
Persistent link: https://www.econbiz.de/10012252260
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
Based on an empirical gravity model of sectoral bilateral trade, we uncover three features of bilateral trade balances. First, the difficulty of gravity models in fitting the observed level of bilateral balances is likely due to the presence of unobservable bilateral trade costs. Second, the...
Persistent link: https://www.econbiz.de/10012391997
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
multiplier is inversely correlated with r-g. The calculations are based on the estimates of a factor-augmented interacted panel …
Persistent link: https://www.econbiz.de/10012518304
We build a factor-augmented interacted panel vector-autoregressive model of the Euro Area (EA) and estimate it with …
Persistent link: https://www.econbiz.de/10012102056
This paper applies the maximum likelihood panel cointegration method of Larsson and Lyhagen (2007) to test the strong …
Persistent link: https://www.econbiz.de/10014401245
Long-run movements of real exchange rates are studied using a panel data set comprising 51 economies. The purchasing …
Persistent link: https://www.econbiz.de/10014403431
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