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The recent literature on the duration of trade has predominantly analyzed the determinants of trade flow durations using Cox proportional hazards models. The purpose of this paper is to show why it is inappropriate to analyze the duration of trade with continuous-time models such as the Cox...
Persistent link: https://www.econbiz.de/10003952461
The objective of this paper is twofold. First, against the background of an existing empirical literature on the duration of trade which has found that international trade is often of strikingly short duration, we aim to establish whether or not EU imports from the rest of the world also are...
Persistent link: https://www.econbiz.de/10008654167
Aiming to explore how the survival of trade flows has evolved over time, we analyze a rich data set of detailed imports to individual EU15 countries from 140 non-EU exporters, covering the period 1962-2006. We find that short duration is a persistent characteristic of trade throughout the...
Persistent link: https://www.econbiz.de/10009269223
The recent literature on the duration of trade has predominantly analyzed the determinants of trade flow durations using Cox proportional hazards models. The purpose of this paper is to show why it is inappropriate to analyze the duration of trade with continuous-time models such as the Cox...
Persistent link: https://www.econbiz.de/10013094261
At a summit meeting in December 2011, China and Japan agreed to improve cooperation on developing their financial …
Persistent link: https://www.econbiz.de/10013105084
ambition, or COVID-19 induced recession; it is China's fast acceleration in becoming a game changer in the world order that the …
Persistent link: https://www.econbiz.de/10012825152
This paper adopts the tail-event driven network (TENET) framework to explore the connectedness and systemic risk of the banking industry along the Belt and Road (B&R) based on weekly returns of 377 publicly-listed banks from 2014 to 2019. We conduct the connectedness analysis from four levels...
Persistent link: https://www.econbiz.de/10013272974
We empirically characterize how China is internationalizing the Renminbi by selectively opening up its domestic bond … market and propose a dynamic reputation model to understand China's internationalization strategy. While previously closed to … foreign investors, China has recently allowed major increases in foreign investment in its domestic bond market. China …
Persistent link: https://www.econbiz.de/10013295962
International trade patterns at the product level are surprisingly dynamic. The majority of trade relationships exist for just a few, often only one to three, years. In this paper, I examine empirically the duration in German import trade at the 8-digit product level from 1995 to 2005. I find...
Persistent link: https://www.econbiz.de/10003797983
The aim of this paper is to explore the patterns of trade duration across regions and to identify its determinants. Using an extended Cox model, we evaluate the effects of country and product characteristics, as well as of trade cost variables on the duration of trade relationships from 96...
Persistent link: https://www.econbiz.de/10003891903