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We propose new methods to identify the full impact of country-specific characteristics on bilateral trade flows within the framework of ‘the new quantitative trade model.' We complement theory with a simple two-stage estimating procedure, and offer a proof of concept by quantifying the impact...
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This paper estimates the role of policy and exchange rate uncertainty shocks for EU countries' exports to the world … an algorithm describing path-dependent play-hysteresis into a regression framework. The hysteretic impact of real …" genannt wird. Wir integrieren einen Algorithmus, der pfadabhängige Hysterese beschreibt, in ein Regressionsmodell. Der …
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levels on its history of shocks, what economists refer to as 'hysteresis,' argues for unifying the analysis of growth and … renewed interest in hysteresis has been sparked by the persistence of the Global Financial Crisis and fears of a slow recovery …
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