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ESTIMATION ISSUES IN SINGLE COMMODITY GRAVITY TRADE MODELS
Prehn, Soren; Brummer, Bernhard - 2011
Recently gravity trade models are applied to disaggregated trade data. Here many zeros arecharacteristic. In the presence of excess zeros usual Poisson Pseudo Maximum Likelihood(PPML) is still consistent, the variance covariance matrix however is invalid. Correcteconomic interpretation however...
Persistent link: https://www.econbiz.de/10009446184
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Currency unions and heterogeneous trade effects : the case of the Latin Monetary Union
Timini, Jacopo - 2017
El acuerdo de la Unión Monetaria Latina (UML), firmado en diciembre de 1865 por Francia, Italia, Bélgica y Suiza, estandarizó la acuñación de monedas de oro y plata en los países miembros y permitió la libre circulación de las monedas nacionales en la Unión. En un influyente estudio,...
Persistent link: https://www.econbiz.de/10012530580
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Chinese exports and non-tariff measures : testing for heterogeneous effects at the product level
Timini, Jacopo; Conesa, Marina - 2018
Las preocupaciones sobre un posible giro de la agenda de la política comercial mundial van en aumento. De hecho, incluso si los aranceles se encuentran en niveles históricamente bajos, las medidas no arancelarias (MNA) desempeñan un papel importante, y creciente, en la política comercial...
Persistent link: https://www.econbiz.de/10012532177
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A highway across the Atlantic? Trade and welfare effects of the EU-Mercosur agreement
Timini, Jacopo; Viani, Francesca
En este estudio analizamos el acuerdo comercial entre la Unión Europea (UE) y el Mercado Común del Sur (Mercosur), y predecimos sus efectos sobre el comercio y el bienestar utilizando un modelo de gravedad estructural de equilibrio general. En un primer paso, estimamos el incremento en los...
Persistent link: https://www.econbiz.de/10012524985
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How far has globalization gone? A tale of two regions
Campos, Rodolfo; Pienknagura, Samuel; Timini, Jacopo
En este documento estudiamos la evolución de la globalización comercial en América Latina y Asia durante los últimos 25 años y cuantificamos su impacto económico. Basándonos en modelos de gravedad estructural, estimamos un proxy de la globalización del comercio que captura la facilidad...
Persistent link: https://www.econbiz.de/10014464719
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The Perils of Globalization and the World Trading System
Jackson, John H. - 2000
The post-World War II world trading system is now more than fifty years old, and not surprisingly, it has evolved … institutional characteristics of the World Trade Organization ("WTO"), which may be contributing to, or inhibiting escape from, the … international economic system. Part II will overview the world trading system's need for a cooperative international mechanism or …
Persistent link: https://www.econbiz.de/10009466411
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A Tale of Two Standards: An Exploration of US GAAP and IFRS
Lagasse, Allyson - 2010
financial reporting standards are set in the United States and around the world, the Financial Accounting Standards Board and …
Persistent link: https://www.econbiz.de/10009450221
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Private and Governmental Barriers Affecting International Market Contestability: Current and Prospective Remedies
Manzoni, Massimo G. - 1997
Several interesting developments indicate that world attention is increasingly focusing on a "novel" category of trade …
Persistent link: https://www.econbiz.de/10009459272
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Estimation Issues in Single Commodity Gravity Trade Models
Prehn, Soren; Brummer, Bernhard - 2011
Recently gravity trade models are applied to disaggregated trade data. Here manyzeros are characteristic. In the presence of excess zeros usual Poisson Pseudo MaximumLikelihood (PPML) is still consistent, the variance covariance matrix howeveris invalid. Correct economic interpretation however...
Persistent link: https://www.econbiz.de/10009442838
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The sensitivity of trade flows to trade barriers
Raimondi, Valentina; Olper, Alessandro - 2009
This study analyzes the sensitivity of trade flows to trade barriers from gravity equations, using different econometric techniques recently highlighted in the literature. Specifically, we compare a benchmark OLS fixed effects specification a la Feenstra (2002) with three emerging estimation...
Persistent link: https://www.econbiz.de/10009444786