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Measuring the Gains from Trade Under Monopolistic Competition
Feenstra, Robert C. - 2010
Three sources of gains from trade under monopolistic competition are: (i) new import varieties available to consumers; (ii) enhanced efficiency as more productive firms begin exporting and less productive firms exit; (iii) reduced markups charged by firms due to import competition. The first...
Persistent link: https://www.econbiz.de/10013149703
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Productivity, Tradability, and the Long-Run Price Puzzle
Bergin, Paul R. - 2012
Long-run cross-country price data exhibit a puzzle. Today, richer countries exhibit higher price levels than poorer countries, a stylized fact usually attributed to the Balassa- Samuelson' effect. But looking back fifty years, or more, this effect virtually disappears from the data. What is...
Persistent link: https://www.econbiz.de/10013114711
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Trade and Empire
Mitchener, Kris James - 2010
Although many modern studies find large and significant effects of prior colonial status on bilateral trade, there is very little empirical research that has focused on the contemporaneous impact of empire on trade. We employ a new database of over 21,000 bilateral trade observations during the...
Persistent link: https://www.econbiz.de/10012759567
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Estimating the Effect of Currency Unions on Trade and Output
Frankel, Jeffrey A.; Rose, Andrew Kenan - 2021
Gravity-based cross-sectional evidence indicates that currency unions stimulate trade; cross-sectional evidence indicates that trade stimulates output. This paper estimates the effect that currency union has, via trade, on output per capita. We use economic and geographic data for over 200...
Persistent link: https://www.econbiz.de/10013222899
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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 Income -- Exploiting Time Series in Geography
Feyrer, James - 2021
the quantity of world trade carried by air to increase over time. Country pairs with relatively short air routes compared …
Persistent link: https://www.econbiz.de/10013236726
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The Effects of Financial Crises on International Trade
Ma, Zihui; Cheng, Leonard K.H - 2022
This paper studies empirically the effects of financial crises on international trade. The major findings are that banking crises had a negative impact on imports but a positive impact on exports in the short term, whereas currency crises decreased imports in the short term and stimulated...
Persistent link: https://www.econbiz.de/10013324031
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Theories of Heterogeneous Firms and Trade
Redding, Stephen J. - 2010
This paper reviews the recent theoretical literature on heterogeneous firms and trade, which emphasizes firm selection into international markets and reallocations of resources across firms. We discuss the empirical challenges that motivated this research and its relationship to traditional...
Persistent link: https://www.econbiz.de/10013135411
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How Large are the Impacts of Carbon Motivated Border Tax Adjustments
Dong, Yan - 2014
This paper discusses the size of impact of carbon motivated border tax adjustments on world trade. We report numerical … increases, and other country's production decreases compared with the case of no BTAs. With the contraction of world trade flows … caused by the financial crisis, carbon motivated BTAs offer a prospect of a compounding effect in a world which is going …
Persistent link: https://www.econbiz.de/10013070430
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The Tip of the Iceberg : A Quantitative Framework for Estimating Trade Costs
Irarrazabal, Alfonso A. - 2013
Casual empiricism suggests that additive trade costs, such as quotas, per-unit tariffs, and, in part, transportation costs, are prevalent. In spite of this, we have no broad and systematic evidence of the magnitude of these costs. We develop a new empirical framework for estimating additive...
Persistent link: https://www.econbiz.de/10013078862