Showing 1 - 10 of 27
We empirically examine the heterogeneity in the effects of multiple dimensions of distance on trade across detailed … categories into an, a priori unknown, number of segments based on estimated coefficients of multiple dimensions of distance in … the gravity equation. We find that institutional distance, whether countries belong to the same trade block and especially …
Persistent link: https://www.econbiz.de/10010326526
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
Ineffective institutions increase transaction costs and reduce trade. This paper shows that differences in the effectiveness of institutions offer an explanation for the tendency of OECD countries to trade disproportionately with each other, and with non-OECD countries.
Persistent link: https://www.econbiz.de/10010324986
Migration has become a prominent research theme in geography and regional science and it has been approached from various methodological angles. Nonetheless, a common missing element in most migration studies is the lack of awareness of the overall network topology, which characterizes migration...
Persistent link: https://www.econbiz.de/10010326486
manufacturing products broken down by 25 three-digit ISIC Rev.2 categories. We estimate the distance coefficient using the log … that span the time period from 1970 till 2000. We observe a substantial decline in the value of the distance elasticity in …
Persistent link: https://www.econbiz.de/10010264976
This paper contributes to the immigration literature by generating two unique non-economic quality of life (QOL) indices and testing their role on recent migration patterns. Applying the generated quality of life indices in conjunction with other independent welfare measures to an extended...
Persistent link: https://www.econbiz.de/10010271304
This study analyzes the stability of the distance coefficient values over time in the generalized gravity equation of … explaining the distance puzzle remain largely intact. We also illustrate how the aggregation bias could have contributed to a … typical finding of a non-declining trade-deterring role of distance in the existing literature. …
Persistent link: https://www.econbiz.de/10010285827
Policy makers in "small" countries facing trade liberalisation have become concerned with the potential loss of manufacturing employment and output to "large" economies in the presence of economies of scale in production and international transport costs. This paper offers a methodology to...
Persistent link: https://www.econbiz.de/10010260664
Employing the Pedroni co-integration technique and the GMM estimator, this paper aims at investigating the possible connection between financial development, financial openness and trade openness in twenty-nine Asian developing countries over 1994-2008. Firstly, we find a bidirectional causality...
Persistent link: https://www.econbiz.de/10011345468
This paper develops a set of time series models to provide short-term forecasts (6 to 18 months ahead) of international trade both at the global level and for selected regions. Our results compare favourably to other forecasts, notably by the International Monetary Fund, as measured by standard...
Persistent link: https://www.econbiz.de/10010326691