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Persistent link: https://www.econbiz.de/10012438186
previous periods returns, incomplete specialization is optimal. We also demonstrate that, in this case, the decentralized … solution is characterized by an inefficiently high level of specialization with respect to the social optimal one. Finally, we … adopt the optimal specialization strategy, i.e. the one that maximizes the country growth rate. …
Persistent link: https://www.econbiz.de/10010328594
previous periods returns, incomplete specialization is optimal. We also demonstrate that, in this case, the decentralized … solution is characterized by an inefficiently high level of specialization with respect to the social optimal one. Finally, we … adopt the optimal specialization strategy, i.e. the one that maximizes the country growth rate …
Persistent link: https://www.econbiz.de/10012729579
This paper explores official trade data to identify patterns of smuggling in international trade. Our main measure of interest is the difference in matched partner trade statistics, i.e., the extent to which the recorded export value in the source country deviates from the reported import value...
Persistent link: https://www.econbiz.de/10010299136
International trade patterns at the product level are surprisingly dynamic. The majority of trade relationships exist for just a few, often only one to three, years. In this paper, I examine empirically the duration in German import trade at the 8-digit product level from 1995 to 2005. I find...
Persistent link: https://www.econbiz.de/10010299148
Recent research into international trade has highlighted the role of trade costs in determining the geography of trade. We propose that the notion of comparative advantage has to be expanded to include different capacities to transact and the pertinent factor endowments (organizational and...
Persistent link: https://www.econbiz.de/10010304658
This paper examines the determinants of international competitiveness at the level of sectors and firms. First, we address the relation between cost-related and technological competition in a sample of fifteen OECD countries. Results suggest that the countries' sectoral market shares are indeed...
Persistent link: https://www.econbiz.de/10011335915
Empirical work on the underlying causes of the recent dislocations in bank-intermediated trade finance has been limited by the poor availability of hard data. This paper analyzes the key determinants of bank-intermediated trade finance using a novel data set covering ten banking jurisdictions....
Persistent link: https://www.econbiz.de/10011396678
We analyse common stylized facts of services firms engaged in trade in a comparative study across four EU member countries. We find that, though relatively less engaged in trade than manufacturing firms, services firms have similar traits. Services firms are more likely to import than to export....
Persistent link: https://www.econbiz.de/10010326888
This paper examines the determinants of international competitiveness at the level of sectors and firms. First, we address the relation between cost-related and technological competition in a sample of fifteen OECD countries. Results suggest that the countries' sectoral market shares are indeed...
Persistent link: https://www.econbiz.de/10011651833