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In this paper we examine the impact of major disasters on international trade flows using a gravity model. Our panel data consists of more than 170 countries for the years 1962-2004 yielding approximately 300,000 observations. We find that the driving forces determining the impact of such events...
Persistent link: https://www.econbiz.de/10010326694
Since the early 1990s many empirical studies have been conducted on the impact of international migration on international trade, predominantly from the host country perspective. Because most studies have adopted broadly the same specification, namely a log-linear gravity model of export and...
Persistent link: https://www.econbiz.de/10010282213
In this paper we claim that distance alone is a poor proxy for international transport costs in empirical studies. We … vary with two characteristics: with the distance between two locations and with the endogenous decision to invest in a more … the endogeneity of the investment decision. Our results confirm that transport prices are influenced by both the distance …
Persistent link: https://www.econbiz.de/10010286440
the gravity model find distance effects to be increasing rather than decreasing. We investigate countries' openness to … obtained with log-linear models of bilateral trade, distance effects (remoteness and land area) have declined over time. Trade …
Persistent link: https://www.econbiz.de/10010288496
We examine the interaction between goods trade and market power in domestic trade and distribution sectors. Theory suggests a set of linkages between service-sector competition and goods trade supported by econometrics involving imports of 22 OECD countries vis-à-vis 69 exporters. Competition...
Persistent link: https://www.econbiz.de/10010264318
The analysis of Baltic regional trade patterns reveals that during the nineties the Baltic states made significant progress to integrate into the Western European division of labour although a significant share of (transit) trade with Russia remained. In view of this development, history seems...
Persistent link: https://www.econbiz.de/10010265516
According to the pollution haven hypotheses differences in environmental regulation affect trade flows and plant location. Specifically, environmental stringency should decrease exports and increase imports of dirty goods. This paper estimates a gravity model to establish whether the...
Persistent link: https://www.econbiz.de/10010269931
parts and components with its trading partners. The paper also found that the spatial distance and transportation costs have …
Persistent link: https://www.econbiz.de/10010273445
explain movements on both margins. A Tobit estimation of this model resolves the so-called ?distance-puzzle?. It also finds …
Persistent link: https://www.econbiz.de/10010274453
Financial stability is an important policy objective, since crises are associated with large economic, social and political costs. Promoting stability requires preventing 'sudden stops' in capital flows, which are events in which foreign financing abruptly disappears. This paper contributes to...
Persistent link: https://www.econbiz.de/10010278261