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This paper looks at the reduction in the focus on countertrade in academic literature and the media and finds that the causes of countertrade continue to exist. It considers alternative activities that appear to have replaced countertrade such as international outsourcing and conclude that these...
Persistent link: https://www.econbiz.de/10009482011
The theory of optimum currency areas states that the more two countries trade with each other, the better candidates … the integration process itself turns the countries into optimal currency areas. The potential increase in trade is … rate volatility on trade does not support this claim. Rose argues that the common currency effect on trade is separate from …
Persistent link: https://www.econbiz.de/10009457804
. Then amodified gravity model first assesses the empirical evidence for complementaritybetween FDI and trade then indicates … investmentare examined, then the effects of both FDI and trade on long-run growth are used toestimate for the effectiveness of trade … development. Finally, theregional impacts of trade on long-run growth indicates that the spatial advantages of thegravity model …
Persistent link: https://www.econbiz.de/10009458931
integration of trade and foreign direct investment (FDI) with Western Europe. Adopting a two-stage out-of-sample gravity equation … approach to predicting East West trade patterns, a panel data set of bilateral exports from twelve EU countries to twenty OECD … European countries. In general, countries which are initially less well-integrated with the EU have strongest trade potential …
Persistent link: https://www.econbiz.de/10009461308
Applied General Equilibrium models of trade failed to predict the sectoral changes in trade volumes following the … Canada-US Free Trade Agreement. These models utilized a representative firm framework and used econometric estimates for the … \citeasnoun{hop92} model of plant entry and exit and embed this in a multisector trade model. I calibrate the model using trade …
Persistent link: https://www.econbiz.de/10009462771
Brexit will affect the UK economy and its economic partners. In particular, it focuses on trade and migration channels …, adding a more general assessment of exiting the EU through the use of a gravity model. The trade channel alone may cut UK GDP …
Persistent link: https://www.econbiz.de/10012532157
tightly linked by migration, commuting and interregional trade. These types of spatial interaction are exposed to frictional … vorliegende Untersuchung auf die räumliche Struktur entsprechender Disparitäten. Regionen sind eng durch Migration …
Persistent link: https://www.econbiz.de/10009442395
The inclusion of spatial correlation of house price in hedonic pricing model may produce better marginal implicit price estimate(s) of the environmental variable(s) of interest. Most applications where a spatial econometric model is applied to the estimation of a hedonic property value model...
Persistent link: https://www.econbiz.de/10009442950
This paper investigates non-linearity in spatial processes models and allows for a gradual regime-switching structure in the form of a smooth transition autoregressive process. Until now, applications of the smooth transition autoregressive (STAR) model have been largely confined to the time...
Persistent link: https://www.econbiz.de/10009443233
-level GDP are temporally and spatially dependent. These findings offer policy implications for both interstate energy trade and …
Persistent link: https://www.econbiz.de/10009444318