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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
This paper reviews the theoretical and empirical literature on regionalism. The formation of regional trade agreements has been, by far, the most popular form of reciprocal trade liberalization in the past 15 years. The discriminatory character of these agreements has raised three main concerns:...
Persistent link: https://www.econbiz.de/10012976529
With an estimated 724 million extreme poor people living in developing countries, and the world's demographics …. There are also important market and regulatory failures that constrain mobility and reduce the net benefits of migration … internalize the social costs of migration in receiving regions; and (5) more flexible private sector driven schemes to regulate …
Persistent link: https://www.econbiz.de/10012865511
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 …. These differential effects are interpreted as evidence for the role of migration in reducing information frictions between …
Persistent link: https://www.econbiz.de/10012957779
the 15 core countries of the European Union. This allows for the estimation of potential intra-regional and external trade …
Persistent link: https://www.econbiz.de/10012976246
sample -- i.e., the low-income countries according to the World Bank classification, 2006). The analysis shows that this … could well be a reflection of increased integration of this group of countries in the world economy or greater …
Persistent link: https://www.econbiz.de/10012976682
the world are: Melitz>Krugman>Armington. For individual regions, however, the welfare ranking of the Armington, Krugman …
Persistent link: https://www.econbiz.de/10012911430
This paper revisits four recent cross-country empirical studies on the effects of inequality on growth. All four studies report strongly significant negative effects, using the popular system generalized method of moments estimator that is frequently used in cross-country growth empirics. This...
Persistent link: https://www.econbiz.de/10012970632
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
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