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Trade and Growth under Limited Liberalization

Bakanova, Marina; de Souza, Lúcio Vinhas - 2002

This paper studies the connection between trade and growth in the context of a partial and inconsistent liberalization process in a specific Eastern European country in transition towards market economy, namely, the Republic of Belarus. The analysis of the country trade patterns during the USSR...

Persistent link: https://www.econbiz.de/10010324938

Empirical Relevance of the Hillman Condition and Comparative Advantage

Hinloopen, Jeroen; van Marrewijk, Charles - 2004

We analyze the empirical violation of the Hillman condition, a necessary and sufficient condition for the correspondence between comparative advantage and pre-trade relative prices. Our comprehensive data set allows us to investigate the Hillman condition for virtually all countries of the...

Persistent link: https://www.econbiz.de/10010325500

Assessing the Impact of Trade Policy on Labor Markets and Production

Francois, Joseph - 2004

This paper discusses the measurement of production and employment effects of trade policy, and more broadly the effects of economic integration and globalization. First, it provides a broad-brush overview of the ex-post literature linking trade to performance, such as measures of worker...

Persistent link: https://www.econbiz.de/10010325413

Regulated Efficiency, World Trade Organization Accession, and the Motor Vehicle Sector in China

Francois, Joseph F.; Spinanger, Dean - 2004

This paper is concerned with the interaction of regulated efficiency and World Trade Organization (WTO) accession and its impact on China’s motor vehicle sector. The analysis is conducted using a 23 sector–25 region computable general equilibrium model. Regulatory reform and internal...

Persistent link: https://www.econbiz.de/10010325575

Trade Policy Options of Ukraine: East or West

Mikolajun, Irena; Paap, Richard; Viaene, Jean-Marie; … - 2016

the gravity model of trade using alternative estimation approaches that account for zeros in trade: Heckman, Poisson …

Persistent link: https://www.econbiz.de/10011526134

The Institutional Determinants of Bilateral Trade Patterns

de Groot, Henri L.F.; Linders, Gert-Jan; Rietveld, Piet; … - 2003

This paper studies the effect of institutions on trade flows, using a gravity modelapproach. We start from a standard … gravity equation that incorporates geographical proximity,language, trade policy and common history. These factors reflect the … extends the gravity equation to include proxies forinstitutional quality and institutional homogeneity between trade partners …

Persistent link: https://www.econbiz.de/10010324988

Time-varying Combinations of Bayesian Dynamic Models and Equity Momentum Strategies

Basturk, Nalan; Grassi, Stefano; Hoogerheide, Lennart; … - 2016

A novel dynamic asset-allocation approach is proposed where portfolios as well as portfolio strategies are updated at every decision period based on their past performance. For modeling, a general class of models is specified that combines a dynamic factor and a vector autoregressive model and...

Persistent link: https://www.econbiz.de/10011586714

Dynamic Predictive Density Combinations for Large Data Sets in Economics and Finance

Casarin, Roberto; Grassi, Stefano; Ravazzolo, Francesco; … - 2015

A Bayesian nonparametric predictive model is introduced to construct time-varying weighted combinations of a large set of predictive densities. A clustering mechanism allocates these densities into a smaller number of mutually exclusive subsets. Using properties of Aitchinson's geometry of the...

Persistent link: https://www.econbiz.de/10011403538

Interconnections between Eurozone and US Booms and Busts using a Bayesian Panel Markov-Switching VAR Mode

Billio, Monica; Casarin, Roberto; Ravazzolo, Francesco; … - 2015

Interconnections between Eurozone and United States booms and busts and among major Eurozone economies are analyzed using a Panel Markov-Switching VAR model. The model accommodates changes in low and high data frequencies and incorporates endogenous time-varying transition matrices of...

Persistent link: https://www.econbiz.de/10011403575

Joint Independent Metropolis-Hastings Methods for Nonlinear Non-Gaussian State Space Models

Barra, Istvan; Hoogerheide, Lennart; Koopman, Siem Jan; … - 2012

We propose a new methodology for the Bayesian analysis of nonlinear non-Gaussian state space models with a Gaussian time-varying signal, where the signal is a function of a possibly high-dimensional state vector. The novelty of our approach is the development of proposal densities for the joint...

Persistent link: https://www.econbiz.de/10010326393

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