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Persistent link: https://www.econbiz.de/10010467351
We suggest that bilateral gravity equations augmented by ad hoc measures of absolute supply-side country differences are misspecified. Building on Haveman and Hummels (2004), we develop and test an alternative specification rooted in incomplete specialization that views bilateral gravity...
Persistent link: https://www.econbiz.de/10009615086
Persistent link: https://www.econbiz.de/10012603910
We analyze how a set of traditional as well as new determinants affect trade among European countries over the period 1992-2008. The factors encompass variables from the areas of geography, culture, institutions, infrastructure, and trade direction. Trade is analyzed for three types of goods:...
Persistent link: https://www.econbiz.de/10009777941
Persistent link: https://www.econbiz.de/10012124691
This paper assesses the importance of border and non-border policies for global economic integration. The focus is on four widely-advocated policies: removing explicit restrictions to trade and FDI; promoting domestic competition; improving the adaptability of labour markets; and ensuring...
Persistent link: https://www.econbiz.de/10012446035
We suggest that bilateral gravity equations augmented by ad hoc measures of absolute supply-side country differences are misspecified. Building on Haveman and Hummels (2004), we develop and test an alternative specification rooted in incomplete specialization that views bilateral gravity...
Persistent link: https://www.econbiz.de/10010318416