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Global Trade and the Maritime Transport Revolution
Jacks, David S. - 2008
What is the role of transport improvements in globalization? We argue that the nineteenth century is the ideal testing ground for this question: freight rates fell on average by 50% while global trade increased 400% from 1870 to 1913. We estimate the first indices of bilateral freight rates for...
Persistent link: https://www.econbiz.de/10012464507
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Trade Costs in the First Wave of Globalization
Jacks, David S. - 2006
What drives globalization today and in the past? We employ a new micro-founded measure of bilateral trade costs based on a standard model of trade in differentiated goods to address this question. These trade costs gauge the difference between observed bilateral trade and frictionless trade....
Persistent link: https://www.econbiz.de/10012466059
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Trade Costs
Anderson, James E. - 2004
This paper surveys the measurement of trade costs --- what we know, and what we don't know but may usefully attempt to find out. Partial and incomplete data on direct measures of costs go together with inference on implicit costs from trade flows and prices. Total trade costs in rich countries...
Persistent link: https://www.econbiz.de/10012468213
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The Tradability of Services : Geographic Concentration and Trade Costs
Gervais, Antoine - 2013
In this paper, we use a unique dataset on the distribution of output and demand across regions of the United States to estimate trade costs for 969 service and manufacturing industries. Our estimation method is a natural extension of the gravity model of trade and identifies trade costs in the...
Persistent link: https://www.econbiz.de/10012458904
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A Long Term Perspective on the Euro
Bordo, Michael D. - 2008
This study grounds the establishment of EMU and the euro in the context of the history of international monetary cooperation and of monetary unions, above all in the U.S., Germany and Italy. The purpose of national monetary unions was to reduce transactions costs of multiple currencies and...
Persistent link: https://www.econbiz.de/10012464832
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The Contribution of Trade to Wage Inequality : The Role of Skill, Gender, and Nationality
Klein, Michael W. - 2010
claim, we find a significant export wage premium for high-skilled workers in German manufacturing and an export wage … discount for lower skilled workers, using matched employer-employee data. Estimates suggest that the export wage premium to …
Persistent link: https://www.econbiz.de/10012462668
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The Role of Extensive and Intensive Margins and Export Growth
Besedes, Tibor - 2007
We investigate and compare countries' export growth based on their performance at the extensive and intensive export … export markets but shortly exit when it learns its per- period fixed costs. We apply this insight to disaggregated export … data and confirm that indeed most export relationships are very short lived. We then show that the survival issue is a …
Persistent link: https://www.econbiz.de/10012465011
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Why World Exports are so Susceptible to the Economic Crisis --The Prevailing "Export Overshooting" Phenomenon
Liu, Bih Jane - 2011
This paper provides some evidence of the "export overshooting" phenomenon, i.e., the unusually large deviation of … exports from their long-run level. We study the export trends of a sample of 37 countries including both OECD and non …. Moreover, the extent of export overshooting was increasing in more recent crisis, which can be attributed to an increase in …
Persistent link: https://www.econbiz.de/10012461821
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Commodity Market Disintegration in the Interwar Period
Hynes, William - 2009
Using data collected by the International Institute of Agriculture, we document the disintegration of international commodity markets between 1913 and 1938. There was dramatic disintegration during World War I, gradual reintegration during the 1920s, and then a very substantial disintegration...
Persistent link: https://www.econbiz.de/10012463880
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The Trade Reducing Effects of Market Power in International Shipping
Hummels, David - 2007
Developing countries pay substantially higher transportation costs than developed nations, which leads to less trade and perhaps lower incomes. This paper investigates price discrimination in the shipping industry and the role it plays in determining transportation costs. In the presence of...
Persistent link: https://www.econbiz.de/10012465742