This paper derives a micro-founded gravity equation in general equilibrium based on a translog demand system that … allows for endogenous markups and rich substitution patterns across goods. In contrast to standard CES-based gravity … to be zero. I test the translog gravity equation and find strong empirical support in its favor. In an application to the …

. Our gravity regressions show that borders lost relevance from 1995 up to the bursting of the new economy bubble. During … driven by institutional factors. On the other hand, geographical distance became less relevant for M&As for the entire time …

. Our gravity regressions show that borders lost relevance from 1995 up to the bursting of the new economy bubble. During … driven by institutional factors. On the other hand, geographical distance became less relevant for M&As for the entire time …

in parts and components between China and its main trading partners. Applying an adjusted gravity modelling method, the …China's engagement in the so-called international fragmentation of production - namely cross-border dispersion of … paper explores how China's pattern of trade in parts and components is being determined. The paper found that China's rapid …

Three features of China's trade patterns suggest that elements beyond factor abundance explain its export performance … high sophistication of China's exports. We show that FDI liberalization endogenously introduces Ricardian features to an … otherwise standard endowment-based trade model, strengthening China's natural comparative advantage in labour-intensive products …

Import competition from China is pervasive in the sense that for many good categories, the competitive environment that …