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This paper develops a quantitative, multi-country model of endogenous growth, international trade, and international … knowledge flows in order to understand how access to both foreign products and technologies, together, influences innovation … incentives and the world distribution of income. An endogenous product cycle arises in equilibrium, in which innovative countries …
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This study examines the home bias in trade in goods and services within the European Union. Using the newest release of … the World Input Output database, available for the years 2000-2014, the effect is estimated using gravity regressions. The … trade-reducing effect of borders is found to be sizeable. It is greater for trade in services than for goods, though the …
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aftermath of the collapse of the Iron Curtain than predicted by a standard gravity model. This trade surplus declines linearly …We show that the countries of the former Austro-Hungarian monarchy trade significantly more with one another in the …
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