Showing 1 - 10 of 954
What precisely were the causes and consequences of the trade wars in the 1930s? Were there perhaps deeper forces at … work in reorienting global trade prior to the outbreak of World War II? And what lessons may this particular historical … from 1920 to 1939 related to the formation of trade blocs (in particular, the British Commonwealth) and short …
Persistent link: https://www.econbiz.de/10012870722
Trade between the whole of Africa and China (imports and exports summed) grew from $10.6 billion to $73.3 billion … between 2000 and 2007, and between Sub-Saharan Africa and China from $7 billion to $59 billion over the same period. China is … now Africa's third largest trading partner behind the EU and the US. The Chinese FDI stock in Africa has grown from $49 …
Persistent link: https://www.econbiz.de/10012771826
I propose a network/search view of international trade in differentiated products. I present evidence that supports the … traded on organized exchanges in matching international buyers and sellers, and that search barriers to trade are higher for …
Persistent link: https://www.econbiz.de/10013113599
What are the effects of increased trade in goods and services on the trade balance? We study the effects of reducing … transport costs in a Ricardian model with complete asset markets. Trade integration has three effects on the structure of the …, and a reduction in real exchange rate volatility. The reduction in the home bias increases the volatility of the trade …
Persistent link: https://www.econbiz.de/10013218506
Recent studies suggest that intranational trade is "excessive' compared to international trade. An intuitive … explanation for this home bias is provided by national trade barriers. A dataset of trade between US states, however, reveals that … patterns. Third, trade flows are higher among states with similar production patterns. The stylized facts are consistent with a …
Persistent link: https://www.econbiz.de/10013237256
A network/search view of international trade in differentiated products is proposed. It is shown that this view can … explain the importance of ethnic and extended family ties in trade, the success of diversified trading intermediaries such as … Japan's sogo shosha, and the ubiquity of government export promotion policies such as subsidized trade missions …
Persistent link: https://www.econbiz.de/10013322117
In 1901, six Australian states joined together in political and economic union, creating an internal free trade area … international trade flows by studying changes in the quot;border effectquot; over this time. This is possible because Australian … states reported intra-Australian trade prior to 1901 and for eight years after federation. The results indicate that …
Persistent link: https://www.econbiz.de/10012780325
trade have increased significantly, especially along the extensive margin, price dispersion has not decreased and may even … decision of heterogeneous firms to trade internationally is endogenous. Trade is shaped both by the nature of heterogeneity … -- trade costs versus productivity -- and by the nature of trade policies -- cuts in fixed costs versus cuts in per unit costs …
Persistent link: https://www.econbiz.de/10013232760
competitive world economy. Our method is novel. The effect of border barriers on trade flows is often inferred from gravity models … (NBER WP 8079, 2001) we develop and estimate this structure, then calculate the comparative static effects on trade flows of … borders, to currency unions and to NAFTA. Our NAFTA exercise does a much better job of replicating the actual trade flow …
Persistent link: https://www.econbiz.de/10013234364
A large body of cross-country empirical evidence identifies monetary policy and trade integration as key determinants … the gold standard. Fixed exchange rates and global trade were also on the rise after 1932, but co-movement declined again …. Our empirical results shows that exchange rate regimes and trade were associated with higher co-movement at the bilateral …
Persistent link: https://www.econbiz.de/10013127427