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Disentangling frictions across the world : markups versus trade costs
Heid, Benedikt; Stähler, Frank - 2024
markups over time. With minimal assumptions, we can disentangle aggregate markup and trade cost changes from observed changes … that across all country pairs, on average, bilateral aggregate markups have increased by 2.8% per year. As bilateral trade … changes. Markups have increased less in high-income countries than in other countries. …
Persistent link: https://www.econbiz.de/10015081337
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Trade intermediaries, incomplete contracts, and the choice of export modes
Felbermayr, Gabriel (contributor);  … - 2008
The business literature suggests that exporters either use trade intermediaries or own foreign sales representations. Standard trade models are silent about this choice. We develop a model where producers differ with respect to competitive advantage and where trade intermediaries arise...
Persistent link: https://www.econbiz.de/10003729118
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Opportunities for and limits to an economic analysis of international economic law
Aaken, Anne van - 2010
Economics is not only a subject matter but also a specific methodological approach. Economic analysis in International Economic Law is therefore not confined to economic matters but can be extended to virtually all issues by drawing on the economic approach. It can be used both to explain the...
Persistent link: https://www.econbiz.de/10008738326
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A global view of cross-border migration
Di Giovanni, Julian; Levchenko, Andrei A.; Ortega, Francesc - 2012
This paper evaluates the welfare impact of observed levels of migration and remittances in both origins and destinations, using a quantitative multi-sector model of the global economy calibrated to aggregate and firm-level data on 60 developed and developing countries. Our framework accounts...
Persistent link: https://www.econbiz.de/10009545275
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Opportunities for cooperation in removing prohibitive trade barriers
DeRemer, David R. - 2015
Much potential for trade liberalization exists in industries and markets with trade barriers that are prohibitive for all or many firms. In standard political economic theories of trade policy, observed prohibitive barriers must be globally optimal according to static government preferences,...
Persistent link: https://www.econbiz.de/10011284901
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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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Business services outsourcing and economic growth : evidence from a dynamic panel data approach
Dettmer, Bianka - 2012
Innovations in information- and telecommunication technology render the proximity requirement between business partners obsolete and make business service outsourcing via cross-border trade more feasible. Although the (service-led) growth prospects have been widely discussed, evidence at the...
Persistent link: https://www.econbiz.de/10009619057
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The principle of reciprocity in the 21st century
DeRemer, David R. - 2016
The principle of reciprocity is central to trade cooperation. Economic theory characterizes reciprocal policy changes that guide nations from noncooperative policies to the Pareto efficiency frontier. This paper extends the theory of reciprocity to a wide range of settings relevant for 21st...
Persistent link: https://www.econbiz.de/10011537477
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Business Conditions and Default Risks Across Countries
Pflüger, Michael - 2011
The risk of default that business firms face is very significant and differs widely across countries. This paper explores the links between countries' business conditions and international trade embedment and the default risk at the country level from a theoretical point of view. Our main...
Persistent link: https://www.econbiz.de/10013128748
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Manufacturers and Retailers in the Global Economy
Raff, Horst - 2011
We develop a general-equilibrium model to capture key features of the retailing and of the manufacturing industry in order to understand how these two industries interact and how labor is allocated between them. We show that the observed shift in employment from manufacturing to retailing, the...
Persistent link: https://www.econbiz.de/10013122636