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TTIP and intra-European trade: boon or bane?
Aichele, Rahel; Felbermayr, Gabriel; Heiland, Inga - 2016
The European Union is the world’s largest and deepest free trade zone. Amongst its members, ithas abolished tariffs and lowered non-tariff barriers. This has led to trade creation within Europeand to trade diversion between EU countries and outsiders. The Transatlantic Trade and Investment...
Persistent link: https://www.econbiz.de/10011586861
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On the effects of sanctions on trade and welfare: New evidence based on structural gravity and a new database
Felbermayr, Gabriel; Syropoulos, Constantinos; Yalcin, Erdal - 2019
Using a new, global data base covering the years 1950 to 2015, we study the impact of sanctions on international trade and welfare. We make use of the rich dimensionality of our data and of the latest developments in the structural gravity literature. Starting with a broad evaluation by sanction...
Persistent link: https://www.econbiz.de/10012022718
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What do we really know about the transatlantic current account?
Braml, Martin T.; Felbermayr, Gabriel - 2019
Do the U.S. have a current account surplus or a deficit with the EU? Since 2009, official sources disagree: The U.S. Department of Commerce claims a consistent U.S. surplus while Eurostat reports the opposite. International transactions are notoriously difficult to measure accurately, but the...
Persistent link: https://www.econbiz.de/10012052429
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Undoing Europe in a New Quantitative Trade Model
Felbermayr, Gabriel; Gröschl, Jasmin Katrin; Heiland, Inga - 2018
We employ theory-grounded sectoral gravity models to estimate the effects of various steps of European product market integration on trade flows. We embed these estimates into a static Ricardian quantitative trade model featuring 43 countries and 50 goods and services sectors. Paying attention...
Persistent link: https://www.econbiz.de/10011815672
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Covid-19 shocking global value chains
Eppinger, Peter S.; Felbermayr, Gabriel; Krebs, Oliver; … - 2020
In early 2020, the disease Covid-19 caused a drastic lockdown of the Chinese economy. We use a quantitative trade model with input-output linkages to gauge the effects of this adverse supply shock in China on the global economy through international trade and global value chains (GVCs). We find...
Persistent link: https://www.econbiz.de/10012270556
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On the heterogeneous trade and welfare effects of GATT/WTO membership
Felbermayr, Gabriel; Larch, Mario; Yalçin, Erdal; … - 2020
We build on the latest developments in the structural gravity literature to quantify the partial and general equilibrium effects of GATT/WTO membership on trade and welfare. Using an extensive database covering manufacturing trade for 186 countries over the period 1980-2016, we find that the...
Persistent link: https://www.econbiz.de/10012270558
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From Theory to Policy with Gravitas: A Solution to the Mystery of the Excess Trade Balances
Felbermayr, Gabriel; Yotov, Yoto V. - 2021
Bilateral trade balances often play an important role in the international trade policy debate. Disturbingly, several studies argue that the gravity model of trade fails when confronted with bilateral trade balances data, dubbing this "The Mystery of the Excess Trade Balances". Capitalizing on...
Persistent link: https://www.econbiz.de/10012491103
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Cutting through the value chain: The long-run effects of decoupling the East from the West
Felbermayr, Gabriel; Mahlkow, Hendrik; Sandkamp, … - 2022
barriers almost completely eliminates bilateral imports. In addition, changes in price levels lead to higher imports and lower … exports of the imposing country group from and to the rest of the world. The targeted country group increases exports to the … rest of the world and reduces imports. Welfare falls in all countries involved, suggesting that governments should strive …
Persistent link: https://www.econbiz.de/10013041415
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On the heterogeneous trade and welfare effects of GATT/WTO membership
Felbermayr, Gabriel; Larch, Mario; Yalçin, Erdal; … - 2022
We quantify the partial and general equilibrium effects of GATT/WTO membership on trade and welfare. Using an extensive database covering manufacturing trade for 186 countries over the period 1980-2016, we find that the average impact of GATT/WTO membership on trade among member countries is...
Persistent link: https://www.econbiz.de/10013168567
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Cutting through the value chain: The long-run effects of decoupling the East from the West
Felbermayr, Gabriel; Mahlkow, Hendrik; Sandkamp, … - 2022
barriers almost completely eliminates bilateral imports. In addition, changes in price levels lead to higher imports and lower … exports of the imposing country group from and to the rest of the world. The targeted country group increases exports to the … rest of the world and reduces imports. Welfare falls in all countries involved, suggesting that governments should strive …
Persistent link: https://www.econbiz.de/10013168568