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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 … trade flows, geographic distance significantly decreases their effect. Second, this phenomenon is in large part explained by … the impact of economic integration agreements on distance-sensitive goods, in particular intermediates. These results hold …

Persistent link: https://www.econbiz.de/10012968195

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

Estimating the Gravity Model When Zero Trade Flows are Frequent and Economically Determined

Martin, Will J. - 2017

This paper evaluates the performance of alternative estimators of the gravity equation when zero trade flows result from economically-based data-generating processes with heteroscedastic residuals and potentially-omitted variables. In a standard Monte Carlo analysis, the paper finds that this...

Persistent link: https://www.econbiz.de/10012971597

Migration and Cross-Border Financial Flows

Kugler, Maurice - 2017

Migration facilitates the flow of information between countries, thereby reducing informational frictions that potentially hamper cross-country financial flows. Using a gravity model, migration is found to be highly correlated with financial flows from the migrant's host country to her home...

Persistent link: https://www.econbiz.de/10012957779

Comparison of Welfare Gains in the Armington, Krugman and Melitz Models : Insights from a Structural Gravity Approach

Balistreri, Edward Jay - 2018

How large are the estimated gains from trade from a reduction in trade costs in the heterogeneous firms Melitz (M) model compared with the Armington (A) and Krugman (K) models? Surprisingly little is known beyond the one-sector model. This paper analyzes this question using a global trade model...

Persistent link: https://www.econbiz.de/10012911430

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

Dark Costs, Missing Data : Shedding Some Light on Services Trade

Anderson, James E. - 2018

A structural gravity model is used to estimate barriers to services trade across many sectors, countries, and time. Since the disaggregated output data needed to infer border barriers flexibly are often missing for services, this paper derives a novel methodology for projecting output data. The...

Persistent link: https://www.econbiz.de/10012936812

Remittances and Vulnerability in Developing Countries

Bettin, Giulia - 2017

This paper examines how international remittances are affected by structural characteristics, macroeconomic conditions, and adverse shocks in both source and recipient economies. The paper exploits a novel, rich panel data set, covering bilateral remittances from 103 Italian provinces to 87...

Persistent link: https://www.econbiz.de/10012973395

Evaluating Aid for Trade : A Survey of Recent Studies

Cadot, Olivier - 2017

The demand for accountability in aid-for-trade is increasing but monitoring has focused on case studies and impressionistic narratives. The paper reviews recent evidence from a wide range of studies, recognizing that a multiplicity of approaches is needed to learn what works and what does not....

Persistent link: https://www.econbiz.de/10012973616

Integrating Gravity : Therole of Scale Invariance in Gravity Models of Spatial Interactions and Trade

Arvis, Jean-François - 2017

This paper revisits the ubiquitous bi-proportional gravity model and investigates the reasons why different theoretical frameworks may lead to the same empirical formula. The generic gravity equation possesses scale invariance symmetries that constrain possible theoretical explanations based on...

Persistent link: https://www.econbiz.de/10012974644