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In our European Economic Review (2002) paper, we used pre-1998 data on countries participating in and leaving currency unions to estimate the effect of currency unions on trade using (then-) conventional gravity models. In this paper, we use a variety of empirical gravity models to estimate the...
Persistent link: https://www.econbiz.de/10013015976
panel of 40 countries to generate a new measure of market potential. We then relate this measure of market potential to …
Persistent link: https://www.econbiz.de/10012941166
market potential exhibits an upward trend across all regions of the world from the early 1930s and that this trend … significantly deviates from the evolution of world GDP. Finally, using exogenous variation in trade-related distances to world …
Persistent link: https://www.econbiz.de/10012981102
One of the most successful empirical relationships in international trade is the gravity equation, which relates bilateral trade flows between an origin and destination to bilateral trade frictions, origin characteristics, and destination characteristics. A key decision for researchers in...
Persistent link: https://www.econbiz.de/10012894434
We develop a multi-sector gravity model with heterogeneous workers to quantify the aggregate and group-level welfare effects of trade. We estimate the model using the structural relationship between China-shock driven changes in manufacturing employment and average earnings across US groups...
Persistent link: https://www.econbiz.de/10012948914
in world trade in manufactures during 2008-2009. A shift in final spending away from tradable sectors, largely caused by …
Persistent link: https://www.econbiz.de/10013131675
I propose a network/search view of international trade in differentiated products. I present evidence that supports the view that proximity and common language/colonial ties are more important for differentiated products than for products traded on organized exchanges in matching international...
Persistent link: https://www.econbiz.de/10013113599
We develop a structural gravity model that introduces scale effects in bilateral trade. Scale effects and incomplete passthrough give two channels through which exchange rates have real effects on trade patterns. Estimates from Canadian provincial trade data identify these effects through their...
Persistent link: https://www.econbiz.de/10013086673
others. I use a standard gravity model of bilateral exports, a panel of data from 2006 through 2013, and an annual survey … perceived to have “a mainly positive or negative influence in the world.” Holding other things constant, a country's exports are …
Persistent link: https://www.econbiz.de/10013015974
This paper undertakes an exhaustive search for robust determinants of international trade, where quot;robustnessquot; is tested using three popular empirical methods. The paper is frankly atheoretical: our goal is solely to establish statistically robust relationships. Along the way, however, we...
Persistent link: https://www.econbiz.de/10012780223