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structural gravity model. To test the ETWFE, we estimate the effects of regional trade agreements (RTAs). The results suggest … expect the ETWFE methods to have significant implications for the estimates of other policy variables in the trade literature …
Persistent link: https://www.econbiz.de/10014438369
We build a model of tacit collusion between firms that operate in multiple markets to study the effects of trade costs … strategically linked via the incentive compatibility constraint. Importantly, trade costs affect cartel shipments and welfare not … only directly but also indirectly through discipline. Using extensive data on international cartels, we find that trade …
Persistent link: https://www.econbiz.de/10012926563
Recent work on the effects of currency unions (CUs) on trade stresses the importance of using many countries and years …
Persistent link: https://www.econbiz.de/10012954578
analysis we attempt to emphasize the links and importance of transportation costs for the trade literature and we outline … avenues where we believe interdisciplinary contributions between the international trade and transportation economics fields …
Persistent link: https://www.econbiz.de/10012960473
We propose a simple method to identify the effects of unilateral and non-discriminatory trade policies on bilateral … trade within a theoretically-consistent empirical gravity model. Specifically, we argue that structural gravity estimations … should be performed with data that include not only international trade flows but also intra-national trade flows. The use of …
Persistent link: https://www.econbiz.de/10012900279
We analyze how trade openness matters for interstate conflict over productive resources. Our analysis features a terms-of-trade … channel that makes security policies trade-regime dependent. Specifically, trade between two adversaries reduces each one …, greater trade openness brings with it a reduction in resources diverted to conflict and thus wasted, as well as the familiar …
Persistent link: https://www.econbiz.de/10012892081
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 counties is … for non-member countries. We show that countries not experiencing positive trade effects from joining GATT/WTO can still …
Persistent link: https://www.econbiz.de/10012822504
. Owing to this linkage, trade cost reductions induce cartel members to adjust their sales, not only due to direct effects …, but also due to spillover effects related to cartel discipline. We apply these ideas to preferential trade agreements … (PTAs) and show that the indirect effects can give rise to trade diversion. We also characterize the welfare effects of …
Persistent link: https://www.econbiz.de/10012822505
-adjustment effects to trade-policy changes. Instead, we point to a series of advantages of using consecutive-year data recognizing …-biased effect estimates due to the distribution of trade-policy events during an event window as well as due to anticipation (pre …
Persistent link: https://www.econbiz.de/10012822506
Using a new, global data base covering the years 1950 to 2015, we study the impact of sanctions on international trade … but also widely heterogeneous across sanctioning countries. Moreover, they depend on the direction of trade. We also …
Persistent link: https://www.econbiz.de/10012866418