Showing 1 - 10 of 14
There is an ongoing debate in the literature about the quality content of Chinese exports and to what extent China imposes a threat to the market positions of advanced economies. While China's export structure is very similar to that of the advanced world, its export unit values are well below...
Persistent link: https://www.econbiz.de/10008935837
This study examines the home bias in trade in goods and services within the European Union. Using the newest release of … trade-reducing effect of borders is found to be sizeable. It is greater for trade in services than for goods, though the …
Persistent link: https://www.econbiz.de/10011636168
through a synthetic index provides us with valuable insights into the structure of the European industry. - Trade ; Border …
Persistent link: https://www.econbiz.de/10003969243
Pricing-to-market (PTM) behaviour implies that exporters adjust their prices to the prevailing prices in their export markets. For the importing country, PTM effects can be interpreted as a measure of the stability of domestic prices against foreign price and exchange rate developments. PTM...
Persistent link: https://www.econbiz.de/10009636522
This paper analyses the relationship between openness to trade and wages at the industry level (15 manufacturing … intra and inter-industry trade as well as between trade from western and eastern Europe and we try to assess the relative … importance of foreign wages versus domestic productivity developments in an open environment. We find that trade is not an …
Persistent link: https://www.econbiz.de/10008659411
What drives external performance of countries? This is a recurring question in academia and policy. The factors underlying export growth are receiving great attention, as countries struggle to grow out of the crisis by increasing exports and as protectionist discourses take foot again. Despite...
Persistent link: https://www.econbiz.de/10011697375
The European Single Market created a common market for millions of Europeans. However, thirty years after its introduction, it appears that the benefits of the common European project are occasionally being questioned at least by some parts of the population. Others, by contrast, strive for...
Persistent link: https://www.econbiz.de/10012200868
This paper empirically investigates the effect of the EU-South Korea free trade agreement (FTA) on manufacturing trade … flows. By applying a state-of-the-art structural gravity model with intranational (i.e., domestic) trade and using … disaggregated data, we quantify both the trade impact and the observed heterogeneity in the FTA estimates. In line with literature …
Persistent link: https://www.econbiz.de/10014342219
Beside large capital flows, euro area financial centres feature important and growing trade surpluses. We investigate … the composition of their gross trade flows and disentangle (i) domestic and foreign production content that is (ii … large. When we replace the official trade statistics with predictions based on the gravity law of trade, the surpluses of …
Persistent link: https://www.econbiz.de/10012390469
China's merchandise trade surplus has reached an all-time high and is likely to rise further. A key driver appears to … trading partners with high trade deficits with China. As this constellation could be the source of growing trade conflicts …, this article analyses China's growing trade surplus in several dimensions with a focus on Chinas trade relation to the EU. …
Persistent link: https://www.econbiz.de/10014520771