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How deep is your love? A quantitative spatial analysis of the transatlantic trade partnership

Krebs, Oliver; Pflüger, Michael - 2016

(TTIP) between the United States and the European Union. We use a new quantitative spatial trade model with consumptive and … with ambitious liberalization, real income gains within a TTIP are in the range of up to 0.46% for most countries. The … welfare gains as under a TTIP, a multilateral liberalization would have to be much more ambitious for the US than for the EU. …

Persistent link: https://www.econbiz.de/10011869117

How How Deep is Your Love? A Quantitative Spatial Analysis of the Transatlantic Trade Partnership

Pflüger, Michael; Krebs, Oliver - 2015

Trade and Investment Partnership (TTIP) between the United States and the European Union. Our key innovation is to develop a …

Persistent link: https://www.econbiz.de/10011400443

Computable general equilibrium models of trade in the modern trade policy debate

Chen, Gang; Dong, Xue; Minford, Patrick; Qiua, Guanhua; … - 2021

We set up two rival Computable General Equilibrium (CGE) models of world trade, one based on classical theories of comparative advantage, the other based on recent gravity theories. We have tested them by indirect inference on the time-series of trade facts for five major countries or country...

Persistent link: https://www.econbiz.de/10012876023

Testing competing world trade models against the facts of world trade

Minford, Patrick; Xu, Yongdeng; Dong, Xue - 2021

We carry out an indirect inference test of two versions of a computable general equilibrium (CGE) model of world trade. One of these, the 'classical' model,is well-known as the Heckscher-Ohlin-Samuelson model of world trade, in which countries trade homogeneous products in world markets and...

Persistent link: https://www.econbiz.de/10012876029

Classical or gravity? Which trade model best matches the UK facts?

Minford, Patrick; Xu, Yongdeng - 2017

We examine the empirical evidence bearing on whether UK trade is governed by a Classical model or by a Gravity model, using annual data from 1965 to 2015 and the method of Indirect Inference which has very large power in this application. The Gravity model here differs from the Classical model...

Persistent link: https://www.econbiz.de/10011787154

Globalization in the Time of COVID-19

Sforza, Alessandro; Steininger, Marina - 2020

The economic effects of a pandemic crucially depend on the extend to which countries are connected in global production networks. In this paper we incorporate production barriers induced by COVID-19 shock into a Ricardian model with sectoral linkages, trade in intermediate goods and sectoral...

Persistent link: https://www.econbiz.de/10012207949

Short run and long run in trade models: A note

Rodrigues, Mauro - In: EconomiA 14 (2013) 2, pp. 2-10

This paper aims to capture key features of the Ricardo–Viner (RV) and Heckscher–Ohlin (HO) theories in a single dynamic general equilibrium framework. We use a simple 2-sector 2-factor model with adjustment costs associated with the movement of capital across sectors. We analyze the...

Persistent link: https://www.econbiz.de/10011858384

Five Essays on International Trade, Factor Flows and the Gains from Globalization

Heiland, Inga - 2017

This volume was prepared by Inga Heiland while she was working at the Ifo Institute. It was completed in July 2016 and accepted as a doctoral thesis by the Department of Economics at the University of Munich. It comprises five chapters addressing one or more aspects of international trade and...

Persistent link: https://www.econbiz.de/10011698364

Unemployment in an interdependent world

Felbermayr, Gabriel; Larch, Mario; Lechthaler, Wolfgang - 2009

We introduce search and matching unemployment into a model of trade with differentiated goods and heterogeneous firms. Countries may differ with respect to size, geographical location, and labor market institutions. Contrary to the literature, our single-sector perspective pays special attention...

Persistent link: https://www.econbiz.de/10010298848

Comparative advantage and skill-specific unemployment

Larch, Mario; Lechthaler, Wolfgang - 2009

We introduce unemployment and endogenous selection of workers into different skill-classes in a trade model with two sectors and heterogeneous firms. This allows us to study the distributional consequences and the skill-specific unemployment effects of trade liberalization. We show that the...

Persistent link: https://www.econbiz.de/10010265247

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