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The Role of Information in Driving FDI Flows : Host-Country Tranparency and Source Country Specialization
Mody, Ashoka; Razin, Assaf; Sadka, Efraim - 2021
We develop a simple information-based model of FDI flows. On the one hand, the abundance of intangible' capital in … countries, enhances FDI flows. On the other hand, host-country corporate-transparency diminishes the value of this expertise … thereby reducing the flow of FDI. Empirical evidence (from a sample of 12 source countries and 45 host countries over the 1980 …
Persistent link: https://www.econbiz.de/10013226163
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The Role of Information in Driving FDI : Theory and Evidence
Razin, Assaf; Mody, Ashoka; Sadka, Efraim - 2021
We develop a simple information-based model of FDI flows in which the abundance of intangible' capital in the source … countries, which generates expertise in cream-skimming investment projects in the host countries and enhances FDI flows … flow of FDI. Empirical evidence (from a sample of 12 source countries and 45 host countries over the 1980s and 1990s) which …
Persistent link: https://www.econbiz.de/10013233009
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The Trade and Investment Effects of Preferential Trading Arrangements
Dee, Philippa; Gali, V. Jyothi - 2021
This study quantifies the impact of traditional and new age' provisions of preferential trading arrangements (PTAs) on merchandise trade and investment. It does so by estimating gravity models of bilateral trade and investment. It finds that recent and some past PTAs are not as benign as some...
Persistent link: https://www.econbiz.de/10013234974
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Trade and the Global Recession
Eaton, Jonathan - 2011
We develop a dynamic multi-country general equilibrium model to investigate forces acting on the global economy during the Great Recession and ensuing recovery. Our multi-sector framework accounts completely for countries' trade, investment, production, and GDPs in terms of different sets of...
Persistent link: https://www.econbiz.de/10013131675
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The Gravity Model
Anderson, James E. - 2010
The gravity model in economics was until relatively recently an intellectual orphan, unconnected to the rich family of economic theory. This review is a tale of the orphan's reunion with its heritage and the benefits that have flowed from it. Gravity has long been one of the most successful...
Persistent link: https://www.econbiz.de/10013135403
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Networks Versus Markets in International Trade
Rauch, James E. - 2012
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
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The Incidence of Geography on Canada's Services Trade
Anderson, James E. - 2011
We estimate geographic barriers to export trade in nine service categories for Canada's provinces from 1997 to 2007 using the structural gravity model. Constructed Home, Domestic and Foreign Bias indexes (the last two new) capture the direct plus indirect effect of services trade costs on...
Persistent link: https://www.econbiz.de/10013117890
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Trade Theory with Numbers : Quantifying the Consequences of Globalization
Costinot, Arnaud - 2013
We review a recent body of theoretical work that aims to put numbers on the consequences of globalization. A unifying theme of our survey is methodological. We rely on gravity models and demonstrate how they can be used for counterfactual analysis. We highlight how various economic...
Persistent link: https://www.econbiz.de/10013085119
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Gravity, Scale and Exchange Rates
Anderson, James E. - 2013
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
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Dark Costs, Missing Data : Shedding Some Light on Services Trade
Anderson, James E. - 2015
A structural gravity model is used to estimate barriers to services trade across many sectors, countries and time. Since the disaggregated output data needed to flexibly infer border barriers are often missing for services, we derive a novel methodology for projecting output data. The empirical...
Persistent link: https://www.econbiz.de/10013015559