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One of the most successful empirical relationships in international trade is the gravity equation, which relates bilateral trade flows between an origin and destination to bilateral trade frictions, origin characteristics, and destination characteristics. A key decision for researchers in...
Persistent link: https://www.econbiz.de/10012479420
Exporting firms often enter foreign markets that are similar to previous export destinations. We develop a dynamic … model in which a firm's exports in a market may depend on how similar the market is to the firm's home country (gravity) and … to its previous export destinations (extended gravity). Given the large number of export paths from which forward …
Persistent link: https://www.econbiz.de/10012458748
We provide simple tests for selection on unobserved variables in the Vytlacil-Imbens-Angrist framework for Local Average Treatment Effects (LATEs). Our setup allows researchers not only to test for selection on either or both of the treated and untreated outcomes, but also to assess the...
Persistent link: https://www.econbiz.de/10013334508
1970 and 2009. The ratio of value-added to gross exports fell by roughly 10 percentage points worldwide. The ratio declined …
Persistent link: https://www.econbiz.de/10012455706
variety of empirical gravity models to estimate the currency union effect on trade and exports, using recent data which …
Persistent link: https://www.econbiz.de/10012457134
In this paper we study identification and estimation of a correlated random coefficients (CRC) panel data model. The …
Persistent link: https://www.econbiz.de/10012464178
The core subjects of trade theory are the pattern and volume of trade: which goods are traded by which countries, and how much of those goods are traded. The first part of the paper discusses evidence on comparative advantage, with an emphasis on carefully connecting theory models to data...
Persistent link: https://www.econbiz.de/10012470040
bilateral trade costs on the extensive and intensive margins of firm-level exports. Applying our methodology, we estimate …
Persistent link: https://www.econbiz.de/10012482300
We propose a simple and flexible reduced-form econometric approach to estimate gravity models in the short and the long run. The theoretical lens for interpreting our methods amends the canonical Lucas-Prescott adjustment formulation to allow for time-interval-varying...
Persistent link: https://www.econbiz.de/10013477301
International economic integration yields large potential welfare effects, even in a static constant returns competitive world economy. Our method is novel. The effect of border barriers on trade flows is often inferred from gravity models. But their rather atheoretic structure precludes welfare...
Persistent link: https://www.econbiz.de/10012470203