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The euro’s trade effects
Baldwin, Richard E. - 2006
This paper reviews reassesses the methodology and principal findings of the “Rose effect”, i.e. the trade effects of currency union, looking at both EMU and non-EMU currency unions. The consensus estimate suggests that the euro has already boosted intra-euro area trade by five to ten...
Persistent link: https://www.econbiz.de/10011604640
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Market Size and Factor Endowment: Explaining Comparative Advantage in Bilateral Trade by Differences in Income and Per Capita Income
Schumacher, Dieter - 2001
Using a gravity-type explanation of international trade flows at the industry level, it is shown that the pattern of comparative advantage in terms of sectoral export/import ratios in bilateral trade can be explained by relative income and relative per capita income. Total income of a country is...
Persistent link: https://www.econbiz.de/10010260775
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Exploring the intensive and extensive margins of world trade
Felbermayr, Gabriel J.; Kohler, Wilhelm K. - 2004
World trade evolves at two margins. Where a bilateral trading relationship already exists it may increase through time … have not traded with each other in the past (extensive margin). We provide an empirical dissection of post-World-War- II … growth in manufacturing world trade along these two margins. We propose a ?cornersolutions- version? of the gravity model to …
Persistent link: https://www.econbiz.de/10010274453
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Multilateralism versus Regionalism!?
Herz, Bernhard; Wagner, Marco - 2010
in recent years. Based on an extensive data set which covers most of world trade over the past 60 years and about 240 …
Persistent link: https://www.econbiz.de/10010294692
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Do autocratic states trade less?
Aidt, Toke S.; Gassebner, Martin - 2007
The paper analyzes whether the political regime of a country influences its involvement in international trade. Firstly, we develop a theoretical model that predicts that autocracies trade less than democracies. Secondly, we test the predictions of the model empirically using a panel of more...
Persistent link: https://www.econbiz.de/10010277794
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Southern African economic integration: evidence from an augmented gravity model
Warin, Thierry; Wunnava, Phanindra V.; Tengia, Optat; … - 2009
This paper investigates the feasibility of creating a common-currency union consisting of 16 countries in Southern Africa. We estimate an augmented-gravity model that includes public deficit, public debt, public expenditure, inflation, and the foreign reserves position. We also integrate...
Persistent link: https://www.econbiz.de/10010269429
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El efecto de China en el comercio internacional de América Latina
Montenegro, Claudio E.; Pereira, Mariana; Soloaga, Isidro - In: Estudios de Economía 38 (2011) 2, pp. 341-368
supply of exports to this market from most countries in the World, including that of Latin American countries; ii) at the …
Persistent link: https://www.econbiz.de/10011538726
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Trade integration of Central and Eastern European countries: lessons from a gravity model
Bussière, Matthieu; Fidrmuc, Jarko; Schnatz, Bernd - 2005
The aim of the paper is to analyse the factors behind the rapid trade integration of the Central and Eastern European countries with the euro area in the past ten years and to gauge the potential for further integration. We use as benchmark an enhanced gravity model estimated with a large sample...
Persistent link: https://www.econbiz.de/10011604591
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Evaluating China’s integration in world trade with a gravity model based benchmark
Bussière, Matthieu; Schnatz, Bernd - 2006
rapid increase in the share of China in world trade. As the world is taking the full measure of this phenomenon, tensions … therefore provides an assessment of China’s “natural” place in the world economy based on a new set of trade integration … international trade well and confirm that China is already well integrated in world markets, particularly with North America …
Persistent link: https://www.econbiz.de/10011604739
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Home Market and Traditional Effects on Comparative Advantage in a Gravity Approach
Schumacher, Dieter - 2003
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