This paper studies how a country’s export diversification varies across destination markets. It develops an extension of the Romalis (2004) model which yields two testable predictions. According to the first, exports between similarly endowed countries ("South-South" and "North-North") are...

This paper explores the effect of market access on firms' export performance and their survival on foreign markets. The data used covers all Peruvian exporting firms between 2002 and 2008, a period during which Peru was active in joining the global economy. This is done using two indices, one...

This paper explores the asymmetries in price transmission from international to local markets. We expect the presence of large intermediaries in agricultural markets to lead to a stronger price transmission when international prices decline than when they rise. The empirical evidence confirms...

This paper presents a methodology extension of Deaton's (1990) model for estimating price elasticities, by pooling data from several surveys to improve the inter-cluster variability of unit values which is one of the key elements used inthe derivation of these elasticities. Since the surveys...

Indirect inference (Smith, 1993; Gouriéroux, Monfort and Renault, 1993) is a simulation-based estimation method dealing with econometric models whose likelihood function is intractable. Typical examples are diffusion models described by stochastic differential equations. A potential problem that...