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This paper argues that the theoretical foundations for the gravity equation are general, while the empirical performance of the gravity equation is specific to the type of goods examined. Most existing theory for the gravity equation depends on the assumption of differentiated goods. We show...
Persistent link: https://www.econbiz.de/10005720108
The simple gravity equation explains a great deal about the data on bilateral trade flows and is consistent with several theoretical models of trade. We argue that alternative theories nevertheless predict subtle differences in key parameter values, depending on whether goods are homogeneous or...
Persistent link: https://www.econbiz.de/10005111361
This paper argues that the theoretical foundations for the gravity equation are general, while the empirical performance of the gravity equation is specific to the type of goods examined. Most existing theory for the gravity equation depends on the assumption of differentiated goods. We show...
Persistent link: https://www.econbiz.de/10005123876
We develop a procedure to rank-order countries and commodities using dis-aggregated American imports data. We find strong evidence that both countries and commodities can be ranked, consistent with the ""produce cycle"" hypothesis. Countries habitually begin to export goods to the United States...
Persistent link: https://www.econbiz.de/10008620391
We develop a procedure to rank-order countries and commodities using dis-aggregated American imports data. We find strong evidence that both countries and commodities can be ranked, consistent with the product cycle' hypothesis. Countries habitually begin to export goods to the United States...
Persistent link: https://www.econbiz.de/10005718274
In this paper we examine how to account for growth when new inputs are being created. In particular, we obtain a decomposition of growth into that due to a higher quantity of existing inputs, and that due to a greater range of inputs. This decomposition is first obtained for a single firm, with...
Persistent link: https://www.econbiz.de/10005722963
Persistent link: https://www.econbiz.de/10005333750
We develop a procedure to rank-order countries and commodities using dis-aggregated American imports data. We find strong evidence that both countries and commodities can be ranked, consistent with the "produce cycle" hypothesis. Countries habitually begin to export goods to the United States...
Persistent link: https://www.econbiz.de/10005664101
We develop a procedure to rank-order objects using censored panel data sets. We illustrate this by ranking countries and commodities using disaggregated American import data and find evidence that countries and commodities can be ranked. Countries habitually begin to export goods to the United...
Persistent link: https://www.econbiz.de/10005815549
Persistent link: https://www.econbiz.de/10005527633