Showing 1 - 10 of 1,155
Language is a strong and robust determinant of international trade patterns: Countries sharing a common language trade … that this trade-promoting effect of language is likely to reflect cultural ties, rather than lower costs of communication … local dialect between regions have a sizable and significant positive impact on intra-national trade. We interpret this …
Persistent link: https://www.econbiz.de/10009743772
Migration and trade are often linked through ethnic networks boosting bilateral trade. This study uses migration to … quantify the importance of Ricardian technology differences for international trade. The framework provides the first panel … between 1.6 and 2.4 depending upon weighting. This provides an important contribution to the trade literature of Ricardian …
Persistent link: https://www.econbiz.de/10011568775
This paper analyses the effect of international borders and of trade agreements at international borders on subnational … 1950 and 2017. Our results show that international borders decrease regional income per capita, while trade agreements at … international borders increase regional income per capita by about the same magnitude. The positive marginal effect of trade …
Persistent link: https://www.econbiz.de/10012533891
agglomeration decreased over time, leading to further dispersion of economic activities. Only the branches of retail trade, other … services sectors can be best explained by Traditional and New Trade Theories, New Economic Geography appears to be not relevant …' agglomeration in the European Union. In particular, agglomeration in retail trade is positively ifluenced by an increase in …
Persistent link: https://www.econbiz.de/10008666588
methods in order to explain Localization and Specialization. Explanatory variables are derived from Traditional Trade Theory …, New Trade Theories and the New Economic Geography. Taking EU-KLEMS data for 14 European countries covering 20 industries … technology or labor intensive industries experienced the highest increase in Industrial Concentration. New Trade Theory and New …
Persistent link: https://www.econbiz.de/10008666589
This paper quantifies the effect of the government-controlled appreciation of the Chinese renminbi (RMB) vis-à-vis the USD from 2005 to 2008 on the prices charged by US producers. As the RMB during that time was pegged to a basket of currencies, the empirical strategy must account for the fact...
Persistent link: https://www.econbiz.de/10009511759
This paper investigates the link between unemployment and external trade in Germany, using data on unemployment …, international trade and economic activity for the 16 German federal states (Länder). With panel data econometrics we show that … international trade as measured by state-wise trade shares have a significant negative impact on state-wise unemployment rates. We …
Persistent link: https://www.econbiz.de/10009312089
Trade economists have for long considered gravity models to estimate unexhausted potentials for bilateral trade …. Similar to the discrepancy between "normal" and "actual" bilateral trade, one may ask the question about the difference … heteroscedasticity are very important, even more so than with trade data. Therefore, this paper suggests using generalized linear rather …
Persistent link: https://www.econbiz.de/10011392130
Over the last 20 years the trade literature repeatedly documented the trade-reducing effects of inter- and intra … underlying political borders. However, when observed border effects are not caused by political trade barriers, why should their … "border effect" in the absence of a border. Thereby, the finding that trade between East- and West-Japan is 23.1% - 51 …
Persistent link: https://www.econbiz.de/10010520759
The gravity model is the workhorse model to describe and explain variation in bilateral trade patterns. Consistent with … both Heckscher-Ohlin models and models of imperfect competition and trade, this versatile model has proven to be very … successful, explaining a large part of the variance in trade flows. However, the log-linear model cannot straightforwardly …
Persistent link: https://www.econbiz.de/10011349184