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In pre-industrial Europe, growth was driven by the expansion of trade, and the expansion of trade was driven by falling trading costs. This paper discusses the mechanisms linking these processes: profit-seeking behavior by merchants, changes in the organization of production, technological...
Persistent link: https://www.econbiz.de/10014138697
This study introduces a new dataset of bilateral value added trade costs for the goods and services sectors, based on a measure derived from the micro-founded gravity model and using data from the OECD-WTO TiVA database. This is the first study to calculate value added trade costs for a set of...
Persistent link: https://www.econbiz.de/10013004414
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/10012753160
Confidence Indicator, and the Economic Sentiment Indicator. Two robustness checks confirm these results. As exports are highly …
Persistent link: https://www.econbiz.de/10012104016
is associated with substantially higher exports. This is particularly the case for LDCs that also export manufactured and …' trade preferences on the exports of LDCs and the effectiveness of the trade preference schemes of the EU, the US, Canada … promoting exports. …
Persistent link: https://www.econbiz.de/10011798005
COVID-19 has raised questions about the resilience of agri-food trade to global shocks to the system. This paper analyses the changes in agri-food trade (values, extensive and intensive margin, and diversification) during the pandemic at global and regional levels. It also considers parallels in...
Persistent link: https://www.econbiz.de/10013328281
establish new stylized facts regarding the joint distributions of the firm-level exports performance and productivity in a panel … productive than starters. At the intensive margin, we show that both the level and the growth of firm-level exports rise with … firm productivity, and that the bulk of aggregate exports in each country are made by a small number of highly productive …
Persistent link: https://www.econbiz.de/10013020681
We argue that, under certain conditions, firms consider exports as a substitute for domestic demand. Our econometric …
Persistent link: https://www.econbiz.de/10011300368
The present paper investigates the link between exports and the outward FDI stock using a panel of industries and seven …, and Rosen (1988). Estimates using system GMM estimators show that exports cause FDI but not vice versa. The long …-run elasticity of the outward FDI stock with respect to exports is 0.78 and highly significant. Separate estimates by destination …
Persistent link: https://www.econbiz.de/10011392132
, especially in the electricity sector. Gas exports to Europe will be significantly affected as more gas becomes available for … exports. Removal of other market imperfections in the Russian energy markets has smaller impacts on prices and quantities than …
Persistent link: https://www.econbiz.de/10010533092