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Are All Trade Agreements Equal? The Role of Distance in Shaping the Effect of Economic Integration Agreements on Trade Flows
Freeman, Rebecca - 2017
How does geographic distance affect the impact of trade agreements on bilateral exports, and through what channels? This paper examines this questions in a gravity model context for different types of goods for 185 countries over the period 1965-2010. Three stylized facts emerge. First, although...
Persistent link: https://www.econbiz.de/10012968195
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Culture, Politics, and Development
Woolcock, Michael - 2017
understanding of how culture, politics, and development interact. Today?s leading theorists of culture and development represent a …
Persistent link: https://www.econbiz.de/10012973069
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The Impacts of Trade Facilitation Measures on International Trade Flows
Sá Porto, Paulo Costacurta de - 2017
This paper analyzes the impacts of selected trade facilitation measures on international trade flows. A gravity model is used to estimate four equations: a pooled cross-section model; a fixed-effects model; a random effects model; and a Poisson maximum likelihood estimator. The contribution of...
Persistent link: https://www.econbiz.de/10012971414
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Estimating the Gravity Model When Zero Trade Flows are Frequent and Economically Determined
Martin, Will J. - 2017
with frequencies of zero frequently observed in real-world data, and that Poisson Pseudo-Maximum-Likelihood models can be … provide the best results. Testing on real-world data for total trade throws up additional puzzles with truncated Poisson … of very small predicted trade flows in real-world data reconciles these findings and leads to specific recommendations …
Persistent link: https://www.econbiz.de/10012971597
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Trade Effects of the New Silk Road : A Gravity Analysis
Baniya, Suprabha - 2019
This paper takes a first look at the trade effects of China's Belt and Road Initiative, also referred to as the New Silk Road, on the 71 countries potentially involved. The initiative consists of several infrastructure investment projects to improve the land and maritime transportation in the...
Persistent link: https://www.econbiz.de/10012895212
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Institutions, Infrastructure, and Trade
Francois, Joseph F. - 2016
The authors examine the influence of infrastructure, institutional quality, colonial and geographic context, and trade preferences on the pattern of bilateral trade. They are interested in threshold effects, and so emphasize those cases where bilateral country pairs do not actually trade. The...
Persistent link: https://www.econbiz.de/10012747825
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Preferential Trade Agreements and Their Role in World Trade
Medvedev, Denis - 2016
comprehensive database of PTAs in force and a detailed matrix of world trade. He shows that total trade between PTA partners is a … to one-third of global trade in 2000-02, the latter was between one-sixth and one-tenth of world trade. His gravity model …
Persistent link: https://www.econbiz.de/10012747946
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Trading on Time
Djankov, Simeon; Freund, Caroline L.; Pham, Cong S. - 2006
We determine how time delays affect international trade, using newly-collected World Bank data on the days it takes to …
Persistent link: https://www.econbiz.de/10014059016
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Covid-19 and Food Protectionism : The Impact of the Pandemic and Export Restrictions on World Food Markets
Espitia, Alvaro - 2020
This paper analyzes the impact of Covid-19 and uncooperative trade policies on world food markets. It quantifies the … percent on average. Escalating export restrictions would multiply the initial shock by a factor of 3, with world food prices …
Persistent link: https://www.econbiz.de/10012833536
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Measuring What Matters in Global Value Chains and Value-Added Trade
Borin, Alessandro - 2019
The spread of global value chains (GVCs) has given rise to new statistical tools, the Inter-Country Input-Output tables and new analytical frameworks aimed at properly identifying production linkages between and within economies. However, several important questions remain unaddressed. This...
Persistent link: https://www.econbiz.de/10012889215