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Tenreyro (2006) both trade share and EK models are estimated using OLS and Poisson PML to test for the presence of …
Persistent link: https://www.econbiz.de/10013084268
Multi-sector variants of standard gravity models typically predict much larger gains from trade than their one … performed based on standard sufficient statistics for a specific class of gravity models (i.e. perfect competition models …
Persistent link: https://www.econbiz.de/10012835804
flows that is consistent with a large class of gravity models of international trade. I show that this estimator has many …
Persistent link: https://www.econbiz.de/10012961971
This paper assesses the quantitative importance of including sectoral heterogeneity in computing the gains from trade. Our framework draws from Caliendo and Parro (2015) and Alvarez and Lucas (2007) and has sectoral heterogeneity along five dimensions, including the elasticity of trade to trade...
Persistent link: https://www.econbiz.de/10012852066
Tenreyro (2006) both trade share and EK models are estimated using OLS and Poisson PML to test for the presence of …
Persistent link: https://www.econbiz.de/10009736241
What is the effect of nominal exchange rate variability on trade? I argue that the methods conventionally used to answer this perennial question are plagued by a variety of sources of systematic bias. I propose a novel approach that simultaneously addresses all of these biases, and present new...
Persistent link: https://www.econbiz.de/10014067564
Intra-industry trade has a paramount value in the theory of international trade due to the reason that it establishes the base for exploiting economies of scale and product differentiation, which ultimately ensures the existence of comparative advantage. The current research is an endeavour to...
Persistent link: https://www.econbiz.de/10013443792
How does factor accumulation affect the pattern of international specialization and returns to capital? We provide a … structural change in the form of intra-industry specialization. Our findings are consistent with Ventura's hypothesis that growth …
Persistent link: https://www.econbiz.de/10010271800
This paper investigates the nature and pattern of export specialization in Lithuania. The aim of this paper is to … estimate the nature and pattern of Lithuanian export specialization under existing conditions. Seeking to define the nature and … pattern of export specialization, the basic methods of export specialization measurement and the nature and pattern of export …
Persistent link: https://www.econbiz.de/10012011085
We develop a simple information-based model of FDI flows. On the one hand, the relative abundance of intangible capital in specialized industries in the source countries, which presumably generates expertise in screening investment projects in the host countries, enhances FDI flows. On the other...
Persistent link: https://www.econbiz.de/10011402538