Showing 1 - 10 of 3,549
The gravity model has been widely used to infer substantial trade flow effects of institutions such as customs unions and exchange rate mechanisms. McCallum [1995] found that the US-Canada border led to trade between provinces that is a factor 22 (2,200%) times trade between states and...
Persistent link: https://www.econbiz.de/10012470650
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/10012470886
Export taxes, despite being applied by several countries, have not received the same scrutiny in multilateral trade negotiations as other trade barriers. This work seeks to provide more detail into the linkages between export taxes, trade, food prices, and poverty in the agriculture sector. We...
Persistent link: https://www.econbiz.de/10012480549
I investigate whether countries that use unconventional monetary policy (UMP) experience export booms. I use a popular gravity model of trade which requires neither the exogeneity of UMP, nor instrumental variables for UMP. In practice, countries that engage in UMP experience a drop in exports...
Persistent link: https://www.econbiz.de/10012452904
Conventional wisdom in economic history suggests that conflict between countries can be enormously disruptive of economic activity, especially international trade. We study the effects of war on bilateral trade with available data extending back to 1870. Using the gravity model, we estimate the...
Persistent link: https://www.econbiz.de/10012467113
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/10012468522
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/10012468534
Preferential liberalization of trade in services is a central feature of the new regionalism. "GATS-Plus" and "GATS-Minus" have become the distinctive characteristics of the service RTAs and this paper aims to investigate and distinguish the different effect of the "GATS-Plus" and "GATS-Minus"...
Persistent link: https://www.econbiz.de/10012458114
In the mid-19th century, the urban milk supply in the United States was regularly skimmed or diluted with water …, reducing its nutritional value. At the urging of public health experts, cities across the country hired milk inspectors, who … were tasked with collecting and analyzing milk samples with the goal of preventing adulteration and skimming. Using city …
Persistent link: https://www.econbiz.de/10012794647
milk supply was regularly skimmed and diluted with water, but consumers could not easily determine its quality because dyes …, caramel, and salt were added. To protect consumers, milk inspectors were tasked with enforcing a well-defined MQS. Using city …-level data for the period 1880-1910, we find that milk inspections reduced mortality from waterborne and foodborne diseases by 8 …
Persistent link: https://www.econbiz.de/10013210091