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In this paper we estimate gravity models to see whether trade volumes of countries in the MENA region are significantly … show that the variables used in standard gravity models cannot explain a significant part of MENA's trade performance …, particularly on exports. We then go on to 'augment' the standard gravity model with relevant variables from the World Bank …
Persistent link: https://www.econbiz.de/10008519501
This paper examines the implications of Nepal’s exchange rate policy for its export performance over the period 1980–2010. We first document Nepal’s long-standing currency peg against the Indian rupee and that Nepal’s real exchange rate appreciated substantially from the late 1990s. We...
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ambiguous, more recent directions in trade theory and the theory of economic growth suggest reasons why landlocked countries …Do landlocked countries face special economic development problems? Whereas traditional neoclassical theory is … might be at a disadvantage. Our empirical evidence confirms the hypothesis that landlocked countries experience slower …
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World trade evolves at two margins. Where a bilateral trading relationship already exists it may increase through time …-War-II growth in manufacturing world trade along these two margins. We propose a “corner-solutions-version” of the gravity model to … (intensive margin). But trade may also increase if a trading bilateral relationship is newly established between countries that …
Persistent link: https://www.econbiz.de/10005416480
This paper provides striking confirmation of the restrictions of the structural gravity model of trade. Structural … forces predicted by theory explain 95% of the variation of the fixed effects used to control for them in the recent gravity …
Persistent link: https://www.econbiz.de/10010575545