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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
panel that includes trade data from 2011 and 2012 for 72 countries. Second, to measure the impacts of trade facilitation …
Persistent link: https://www.econbiz.de/10012971414
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
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
expected values for given income cohorts to control for multicollinearity. The authors work with a panel of 284,049 bilateral …
Persistent link: https://www.econbiz.de/10012747825
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
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
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
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
This paper focuses on the sluggish growth of world trade relative to income growth in recent years. The analysis uses …
Persistent link: https://www.econbiz.de/10012937557