Showing 1 - 10 of 968
The purpose of this paper is to explain the relation between the Border Effect and industrial concentration. This is achieved by founding this relation on the Home Market Effect and testing the robustness of this foundation through an application to the European Single Market. A sectorial...
Persistent link: https://www.econbiz.de/10003969243
This paper analyses the rapid trade integration of the Central and Eastern European countries (CEECs) with the euro area in the past ten years and draws implications for further integration. We use as benchmark an enhanced gravity model estimated for a large sample of bilateral trade flows...
Persistent link: https://www.econbiz.de/10003208681
This paper empirically investigates the effect of the EU-South Korea free trade agreement (FTA) on manufacturing trade flows. By applying a state-of-the-art structural gravity model with intranational (i.e., domestic) trade and using disaggregated data, we quantify both the trade impact and the...
Persistent link: https://www.econbiz.de/10014342219
Quantifying the effects of trade policy in the age of "global value chains" (GVCs) requires an enhanced analytical framework that takes the observed international input-output relations in due account. However, existing quantitative general equilibrium models generally assume that industry-level...
Persistent link: https://www.econbiz.de/10012150076
The paper proposes a modelling approach for euro area goods and services trade volumes and prices on the basis of a break-down of trade data into their intra- and extra-area components. Using the evidence from the newly estimated trade equations, the paper gives new insights into two important...
Persistent link: https://www.econbiz.de/10003484075
The aim of this paper is to improve our understanding of the key determinants of intra- and extra-euro area imports. Using a simultaneous equation estimation framework, and pooling the data across nine euro area countries as an approximation of the euro area, we estimate intra- and extra-euro...
Persistent link: https://www.econbiz.de/10003162210
This paper contributes to the literature on the impact of EMU on trade, adding two new elements. First, we propose a theoretical model for explaining how the euro could have increased trade by the large amounts found in the empirical literature. Second, we propose a sectoral dataset to test the...
Persistent link: https://www.econbiz.de/10002817377
This study examines the home bias in trade in goods and services within the European Union. Using the newest release of the World Input Output database, available for the years 2000-2014, the effect is estimated using gravity regressions. The trade-reducing effect of borders is found to be...
Persistent link: https://www.econbiz.de/10011636168
In this paper we investigate how income growth rates in one country are affected by growth rates in partner countries, testing for the importance of pairwise country links as well as characteristics of the receiving country (trade and financial open- ness, exchange rate regime, fiscal...
Persistent link: https://www.econbiz.de/10011636280
There is an ongoing debate in the literature about the quality content of Chinese exports and to what extent China … imposes a threat to the market positions of advanced economies. While China's export structure is very similar to that of the … values reflect quality the prevailing view of the literature is that China exports low quality varieties of the same products …
Persistent link: https://www.econbiz.de/10008935837