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...

Die beispiellose Verbreitung regionaler Integrationsabkommen hat eine kontroverse Diskussion über das Phänomen Regionalismus ausgelöst. Die Verfasserin greift die Diskussion um das Für und Wider der regionalen Strategie auf und beleuchtet dieses aus unterschiedlichen Perspektiven. Dabei...

Despite widespread anecdotal evidence that lower trade barriers increase international trade, there is little firm quantitative evidence of the ‘trade-cost elasticity’ of trade flows, one of the two key aggregate statistics that have recently been identified as sufficient to quantify the...