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International Trade, E-Collaboration and World Peace
Kock, Ned - 2014
Anthropological evidence suggests that the human species has evolved what could be called a "trading instinct" over millions of years of Darwinian adaptation, where trade acts as a social catalyst and thus as a suppressor of violent conflict among trading groups. Yet, the geographical and...
Persistent link: https://www.econbiz.de/10014049070
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Distance and border effects in international trade : a comparison of estimation methods
Magerman, Glenn; Studnicka, Zuzanna; Van Hove, Jan - 2016
This paper compares various estimation methods often used in the estimation of gravity models of international trade. The authors first discuss different structural and consistent estimation techniques, their underlying assumptions and their impact on estimated coefficients. They then estimate...
Persistent link: https://www.econbiz.de/10011502657
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Heterogeneous economic integration agreement effects
Baier, Scott L.; Bergstrand, Jeffrey H.; Clance, Matthew W. - 2015
Gravity equations have been used for more than 50 years to estimate ex post the partial effects of trade costs on international trade flows, and the well-known - and traditionally presumed exogenous - "trade-cost elasticity" plays a central role in computing general equilibrium trade-flow and...
Persistent link: https://www.econbiz.de/10011309578
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Is world trade becoming more regionalised?
Lloyd, Peter J.; Mikić, Mia; Jacob, Arun; Kravchenko, … - 2018
The proliferation of RTAs is a central feature of the world trade policy environment in the last 20 years. This paper … provides an empirical study of the extent to which the formation of RTAs has changed the distribution of world goods trade … between pairs of countries in each year. On average for the world economy this measure does not increase over the sample …
Persistent link: https://www.econbiz.de/10011786744
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Untangling real gravity
Klaassen, Franc; Teulings, Rutger - 2017
We derive a real gravity equation and gain several new insights that were hidden in the nominal specification used so far. Most importantly, the real effective exchange rate (REER) of the exporter and, via the importer's terms of trade, also the importer's REER matter, and we can identify the...
Persistent link: https://www.econbiz.de/10011791519
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Debunking Protectionist Myths : Free Trade, the Developing World, and Prosperity
Panagariya, Arvind - 2020
Second World War and of China during more recent decades as being the result of selective protection and industrial targeting …
Persistent link: https://www.econbiz.de/10012846238
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Comparing Sectoral International Trade Networks
De Benedictis, Luca - 2018
This paper uses the tools of network analysis to assess the different characteristics of world trade in different … manufacturing industries.The structure of the trade networks is compared to understand to what extent the world market …
Persistent link: https://www.econbiz.de/10012920660
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Financial Development and the Choice of Trade Partners
Chan, Jackie - 2015
What determines the choice of countries' trade partners? We show theoretically and empirically that financial market imperfections affect the number and identity of exporters' destinations. Bigger economies with lower trade costs are more attractive markets because they offer higher export...
Persistent link: https://www.econbiz.de/10013035906
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A Closer Look at Revealed Comparative Advantage : Gross-versus Value Added Trade Flows
Brakman, Steven - 2015
With the availability of international value added trade data it has become evident that gross export data and value added data do not provide the same information. Although gross exports crosses national borders and is the target of trade policy, value added data tell us what fragment in the...
Persistent link: https://www.econbiz.de/10013023177
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On PTAs and bilateral trade : is GVC trade sensitive to the breadth of trade policy cooperation?
Delera, Michele; Foster-McGregor, Neil - In: Economies : open access journal 8 (2020) 4/84, pp. 1-16
We study the relationship between the scope of trade policy cooperation and bilateral trade flows with a particular focus on global value chain (GVC) trade using data on the core and non-core provisions included in preferential trade agreements (PTAs). We find that broader PTAs have a larger...
Persistent link: https://www.econbiz.de/10012296546