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Readdressing the trade effect of the Euro: Allowing for currency misalignment
Hogrefe, Jan; Jung, Benjamin; Kohler, Wilhelm K. - 2010
We know that euro-area member countries have absorbed asymmetric shocks in ways that are inconsistent with a common … estimates of the euro effect on trade based on misalignment. This reveals asymmetric trade effects and heterogeneous outlooks … across countries for the costs and benefits from adopting the euro. …
Persistent link: https://www.econbiz.de/10010300380
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Putting currency misalignment into gravity: The currency union effect reconsidered
Hogrefe, Jan; Jung, Benjamin; Kohler, Wilhelm K. - Wirtschaftswissenschaftlichen Fakultät, … - 2012
Member countries of a currency union like the euro area have absorbed asymmetric shocks in ways that are inconsistent … within currency unions. Econometric estimation reveals that for the euro area the misalignment channel exerts a significant … demonstrate heterogeneous outlooks across countries for the costs and benefits from adopting the euro. …
Persistent link: https://www.econbiz.de/10010954989
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Readdressing the trade effect of the Euro: Allowing for currency misalignment
Hogrefe, Jan; Jung, Benjamin; Kohler, Wilhelm K. - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2010
We know that euro-area member countries have absorbed asymmetric shocks in ways that are inconsistent with a common … estimates of the euro effect on trade based on misalignment. This reveals asymmetric trade effects and heterogeneous outlooks … across countries for the costs and benefits from adopting the euro. …
Persistent link: https://www.econbiz.de/10008494183
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Readdressing the trade effect of the Euro : allowing for currency misalignment
Hogrefe, Jan; Jung, Benjamin; Kohler, Wilhelm - 2010
We know that euro-area member countries have absorbed asymmetric shocks in ways that are inconsistent with a common … estimates of the euro effect on trade based on misalignment. This reveals asymmetric trade effects and heterogeneous outlooks … across countries for the costs and benefits from adopting the euro. -- Euro ; gravity model ; exchange rates ; purchasing …
Persistent link: https://www.econbiz.de/10003961504
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Readdressing the Trade Effect of the Euro: Allowing for Currency Misalignment
Hogrefe, Jan; Jung, Benjamin; Kohler, Wilhelm K. - 2010
We know that euro-area member countries have absorbed asymmetric shocks in ways that are inconsistent with a common … specific estimates of the euro effect on trade based on misalignment. This reveals asymmetric trade gains and heterogeneous … outlooks across countries for the costs and benefits from adopting the euro. …
Persistent link: https://www.econbiz.de/10010274483
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Putting currency misalignment into gravity : the currency union effect reconsidered
Hogrefe, Jan; Jung, Benjamin; Kohler, Wilhelm - 2012
Member countries of a currency union like the euro area have absorbed asymmetric shocks in ways that are inconsistent … within currency unions. Econometric estimation reveals that for the euro area the misalignment channel exerts a significant … demonstrate heterogeneous outlooks across countries for the costs and benefits from adopting the euro. -- Euro ; gravity model …
Persistent link: https://www.econbiz.de/10009530354
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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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Should TPP be formed? : on the potential economic, governance, and conflict-reducing impacts of the Trans-Pacific Partnership Agreement
Bergstrand, Jeffrey H. - In: East Asian economic review 20 (2016) 3, pp. 279-309
The proposed Trans-Pacific Partnership (TPP) is a free trade agreement among 12 Pacific Rim countries whose joint gross domestic products (GDPs) account for 36 percent of world GDP and whose mutual trade accounts for approximately 24 percent of world trade. As for most proposed free trade...
Persistent link: https://www.econbiz.de/10011764996
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Multimarket linkages, cartel discipline and trade costs
Agnosteva, Delina; Syropoulos, Constantinos; Yotov, Yoto V. - 2017
We build a model of tacit collusion between firms that operate in multiple markets to study the effects of trade costs. A key feature of the model is that cartel discipline is endogenous. Thus, markets that appear segmented are strategically linked via the incentive compatibility constraint....
Persistent link: https://www.econbiz.de/10011781965
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Notes on CEPII’s distances measures: The GeoDist database
Mayer, Thierry; Zignago, Soledad - Centre d'études prospectives et d'informations … - 2011
GeoDist makes available the exhaustive set of gravity variables used in Mayer and Zignago (2005). GeoDist provides several geographical variables, in particular bilateral distances measured using citylevel data to assess the geographic distribution of population inside each nation. We have...
Persistent link: https://www.econbiz.de/10009644848