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product margins of trade. We construct gravity equations for the two product margins motivated by Chaney (2008). The empirical … results show that standard gravity variables provide good explanatory power for bilateral trade on both margins. Importantly …
Persistent link: https://www.econbiz.de/10010730211
There isn't nearly as much trade as standard models suggest there should be. Formal trade barriers and transport costs are too low to account for the difference. The pattern of missing trade has interesting variation across country pairs. These clues suggest the need for theoretical and...
Persistent link: https://www.econbiz.de/10005074070
We use a new US-firm-level dataset covering all domestic and international sales made through eBay, an online …
Persistent link: https://www.econbiz.de/10010702784
Barriers to international trade are known to be large but due to data limitations it is hard to measure them directly for a large number of countries over many years. To address this problem I derive a micro-founded measure of bilateral trade costs that indirectly infers trade frictions from...
Persistent link: https://www.econbiz.de/10009351468
Barriers to international trade are known to be large but due to data limitations it is hard to measure them directly for a large number of countries over many years. To address this problem I derive a micro-founded measure of bilateral trade costs that indirectly infers trade frictions from...
Persistent link: https://www.econbiz.de/10009416223
This paper investigates the sources and size of trade barriers at the industry level. We derive a micro-founded measure of industry-specific bilateral trade integration that has an in-built control for time-varying multilateral resistance. This trade integration measure is consistent with a...
Persistent link: https://www.econbiz.de/10005792535
This paper investigates the sources and size of trade barriers at the industry level. We derive a micro-founded measure of industry-specific bilateral trade integration that has an in-built control for time-varying multilateral resistance. This trade integration measure is consistent with a...
Persistent link: https://www.econbiz.de/10005796096
in this kind of models. The theories discussed are the Gravity Approach and the New Economic Geography. We dedicate much … to the explanation of the micro-foundations of the gravity equation and to the solution of the Border Puzzle achieved in … Gravity and NEG relations, are discussed in order to show how much these two theories are used in empirical trade analysis. …
Persistent link: https://www.econbiz.de/10008545947
This paper investigates the sources and size of trade barriers at the industry level. We derive a micro-founded measure of industry-specific bilateral trade integration that has an in-built control for time-varying multilateral resistance. This trade integration measure is consistent with a...
Persistent link: https://www.econbiz.de/10005051566
Distance effects in empirical gravity equations appear to be too high to be explained by transport costs alone … existing empirical evidence. An empirical gravity equation is used to estimate the effect of exporter networks on distance …
Persistent link: https://www.econbiz.de/10005744261