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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

Estimation of linear models from coarsened observations: A method of moments approach

van Praag, Bernard M. S.; Hop, J. Peter; Greene, William - 2024

In the last few decades, the study of ordinal data in which the variable of interest is not exactly observed but only known to be in a specific ordinal category has become important. In Psychometrics such variables are analysed under the heading of item response models (IRM). In Econometrics,...

Persistent link: https://www.econbiz.de/10015209991

A Flexible Predictive Density Combination Model for Large Financial Data Sets in Regular and Crisis Periods

Casarin, Roberto; Grassi, Stefano; Ravazzolo, Francesco; … - 2022

A flexible predictive density combination model is introduced for large financial data sets which allows for dynamic weight learning and model set incompleteness. Dimension reduction procedures allocate the large sets of predictive densities and combination weights to relatively small sets....

Persistent link: https://www.econbiz.de/10013356469

A Flexible Predictive Density Combination for Large Financial Data Sets in Regular and Crisis Periods

Casarin, Roberto; Grassi, Stefano; Ravazzolo, Francesco; … - 2022

A flexible predictive density combination is introduced for large financial data sets which allows for model set incompleteness. Dimension reduction procedures that include learning allocate the large sets of predictive densities and combination weights to relatively small subsets. Given the...

Persistent link: https://www.econbiz.de/10013356509

Time-varying effects of housing attributes and economic environment on housing prices

Friedrich, Marina; Lin, Yicong; Ramdaras, Pavitram; … - 2023

We propose a flexible framework that allows for the relationship between housing prices and their determinants to vary over time. Our model incorporates housing-specific characteristics and macroeconomic variables, while accounting for a gradual global trend that reflects the unobserved external...

Persistent link: https://www.econbiz.de/10014321812