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Recently gravity trade models are applied to disaggregated trade data. Here many zeros arecharacteristic. In the presence of excess zeros usual Poisson Pseudo Maximum Likelihood(PPML) is still consistent, the variance covariance matrix however is invalid. Correcteconomic interpretation however...
Persistent link: https://www.econbiz.de/10009446184
declinar.---------------------------------------------An improvement on infrastructure and logistics, by integrating production … of infrastructure with international trade, have had much more attention than the relationship of infrastructure with … infrastructure services and the trade volume among the Brazilian states. It was created an indicator of the existent infrastructure …
Persistent link: https://www.econbiz.de/10009446745
Produktionssektoren, heterogene Güter und unterschiedliche Transportkosten berücksichtigt. Das vorliegende Buch verfolgt drei Ziele …
Persistent link: https://www.econbiz.de/10009449023
ultimately affect the world prices and trade pattern. We use the approach developed by HMR to specify and estimate a model of … for each country and their ultimate impact on world prices and trade pattern. We use the model to carry out a series of … in oil prices during 1997-2007 to have been caused by economic growth around the world, the demand and supply price …
Persistent link: https://www.econbiz.de/10009477887
International private equity development is highly volatile with increasing global diversification. This thesis examines the transaction patterns of cross-border private equity investment with a particular focus on the affinity of country pairs. Analysis is based on a comprehensive dataset of 99...
Persistent link: https://www.econbiz.de/10009481260
In this paper, we estimate a gravity equation properly accounting for omitted exporter and importer’s overall trade resistance, through country yearly dummies for exporter and importer countries. We find that the omission of time varying multilateral trade resistance terms in the estimation of...
Persistent link: https://www.econbiz.de/10012530177
migration flows for the whole world. In contrast to their findings, and despite of the slowdown of population growth in Latin … America, the US will face sustained immigration pressures because of strong population growth in other regions of the world …, leading to a projected immigrant stock that grows for decades to come. For the world as a whole, international migrants are …
Persistent link: https://www.econbiz.de/10012530575
El acuerdo de la Unión Monetaria Latina (UML), firmado en diciembre de 1865 por Francia, Italia, Bélgica y Suiza, estandarizó la acuñación de monedas de oro y plata en los países miembros y permitió la libre circulación de las monedas nacionales en la Unión. En un influyente estudio,...
Persistent link: https://www.econbiz.de/10012530580