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The paper considers whether Sweden should join the EMU as based on general equilibrium (GE) effects through reduced … estimated in the paper, and the estimates of trade barriers linked to EMU reached in the literature. First, we present an … Swedish entrance into EMU. The effects are quite clearly in favour of EMU enlargement, and do not indicate a trade diver …
Persistent link: https://www.econbiz.de/10010326906
The paper considers whether Sweden should join the EMU as based on general equilibrium (GE) effects through reduced … effects reveals that there is a substantial uncer-tainty related to the effects of such a change in policies. -- EMU ; Sweden … estimated in the paper, and the estimates of trade barriers linked to EMU reached in the literature. First, we present an …
Persistent link: https://www.econbiz.de/10008938626
Multinational enterprises (MNEs) are increasingly dealing with challenges shaped by the new geopolitical and trade environments. Besides traditional tariffs, exporting firms need to comply with regulatory non-tariff measures (NTMs) in the form of technical barriers to trade (TBTs) and sanitary...
Persistent link: https://www.econbiz.de/10014450560
This study provides a decomposition of the WTO Global Trade Costs Index into five policy-relevant components: transport and travel costs; information and transaction costs; ICT connectedness; trade policy and regulatorydifferences; and governance quality. The WTO Global Trade CostsIndex is based...
Persistent link: https://www.econbiz.de/10012431235
Does the common currency promote goods market integration within the EMU? We argue that such an effect is likely, but …
Persistent link: https://www.econbiz.de/10011546093
Since firm heterogeneity has been introduced into international trade models, the importance of firm entry and exit (the extensive margin) has been highlighted. Thomas Chaney (2008) illustrates how accounting for heterogenous firms (and this extensive margin) alters the standard gravity...
Persistent link: https://www.econbiz.de/10009728955
We present a gravity model that accounts for multilateral resistance, firm heterogeneity and country-selection into trade, while accommodating asymmetries in trade flows. A new equation for the proportion of exporting firms takes a gravity form, such that the extensive margin is also affected by...
Persistent link: https://www.econbiz.de/10013085999
We propose a quantity-based 'dual' version of the gravity equation that yields an estimating equation with both cross-sectional interdependence and spatially lagged error terms. Such an equation can be concisely estimated using spatial econometric techniques. We illustrate this methodology by...
Persistent link: https://www.econbiz.de/10012729174
Mainstream economic wisdom favoring cooperative free trade is challenged by a wave of disruptive trade policies. In this paper, we provide quantitative evidence concerning the economic impacts of tariffs implemented by the United States in 2018 and the subsequent retaliations by partner...
Persistent link: https://www.econbiz.de/10012892204
This dissertation was prepared by Alexander-Nikolai Sandkamp, completed in September 2018 and first published online by LMU Munich in February 2019. It consists of four selfcontained chapters that empirically investigate different trade dampening phenomena using gravity analysis. The first two...
Persistent link: https://www.econbiz.de/10012484009