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We examine the bilateral trade patterns of countries involved in significant trade liberalizations using detailed data on the value of trade flows by commodity. We find a striking relationship between a good's pre-liberalization share in trade and its growth subsequent to liberalization. The...
Persistent link: https://www.econbiz.de/10014216140
We investigate to what extent the destination of exports and export composition affect the export performance of euro … exports leads to a higher growth of total exports. Export composition also conditions the effects of the real exchange rate … and partner income growth. The effect of the real exchange rate on export growth becomes smaller the higher the share of …
Persistent link: https://www.econbiz.de/10013097906
may make a particular economy more engaged in international production chains, with an ambiguous influence on export … complexity. Given the fact that it is impossible to (a priori) theoretically predict the impact of monetary integration on export … Method to compare the actual levels of export complexity in Slovenia after the adoption of the euro with the counterfactual …
Persistent link: https://www.econbiz.de/10012952840
The European Union tariff schedule includes a large number of specific and composite tariffs as well as many tariff-rate quotas (TRQs), which affect the composition of imports. By altering price ratios between products with different unit values, both can generate the typical Alchian-Allen...
Persistent link: https://www.econbiz.de/10012764034
A common finding in the international trade literature is that economic integration leads to export diversification. By … documenting a positive link between adopting the European common currency and bilateral export concentration, the current work …
Persistent link: https://www.econbiz.de/10013016763
This paper provides new empirical evidence of the "euro effect" on bilateral trade by allowing for a heterogeneous impact on "new" and "old" EMU members. By applying a Poisson estimator and focusing on a sample of 38 countries, our results show a statistically insignificant euro's effect on...
Persistent link: https://www.econbiz.de/10011772025
productivities shape the response of the extensive (decision to export) and the intensive (exported volumes per firm) margins of … into the European Customs Union in 1996. A reduction in tariffs increases the probability to export and, surprisingly, the …. This occurs because, even if the productivity threshold to enter the export market falls in the same proportion as tariffs …
Persistent link: https://www.econbiz.de/10014199892
This paper explores the ramifications of customs unions (CUs) for multilateral trade cooperation within an economic environment characterized by trade-volume volatility and in a competing-exporters framework. We demonstrate that the parallel formation of different CUs leads to a gradual but...
Persistent link: https://www.econbiz.de/10014357414
We first demonstrate that, within a fully integrated economy (FIE) in which there is free mobility of goods and factors, each FIE member's share of total FIE output will equal its shares of the total FIE stock of each productive factor. This equal-share property implies that, if economic...
Persistent link: https://www.econbiz.de/10011343232
Persistent link: https://www.econbiz.de/10009124824