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...

We provide novel evidence on the micro-structure of international trade during the 2008 financial crisis and subsequent global recession exploring a rich firm-level data set from Spain. The analysis is motivated by the surprisingly strong export performance of Spain in the aftermath of the great...

This paper investigates empirically how similarity of demand structures - approximated by similarity of income distributions - affects trade patterns along both the extensive and intensive margin. The idea that similarity of demand structures intensifies trade goes back to the well-known Linder...

The fragmentation of production across borders allows firms to make and export final goods, or to perform only intermediate stages of production by processing imported inputs for re-exporting. We examine how financial frictions affect companies’ choice between processing and ordinary trade -...

Firms selling products abroad usually have to interact with several border agencies that develop multiple trade regulations and oversee their compliance. These regulations establish the procedures that these firms have to follow and the documents that they have to obtain, fill in, and submit for...

We examine transaction-level Peruvian import data to show that firms are subject to significant costs of port-of-entry delays. At the transaction level, we observe the time it takes a shipment to clear each step in the entry process. Our theory shows conditions under which observed entry times...

This paper makes an attempt to understand the implications of trade normalisation between India and Pakistan on the automobile sector. Currently, am majority of auto components are in Pakistan's negative list. Based on both quantitative and qualitative analysis, the paper concludes that India...

Dieser Artikel untersucht, ob die Finanzkrise zu einer nachhaltigen Veränderung der sektoralen und geografischen Spezialisierung Deutschlands im Handel mit forschungsintensiven Gütern geführt hat. Dazu werden im ersten Teil sektorale Spezialisierungsindikatoren für Deutschland, die USA,...

The purpose of this study is to analyze export and import shares of main products of CEE countries with Turkey before their membership to EU and then, starting from the year of 2000. After accession to EU, these countries’ export and import shares mostly increased with Turkey and EU, implying...