The elasticity of substitution between domestic and imported goods is a central parameter in macroeconomic models, but after decades of empirical studies there is no consensus on its magnitude. Earlier literature using time series arrives at low values, while more recent studies using...

Real exports are commonly specified as depending on an indicator of price competitiveness and on a measure of foreign activity. This study empirically investigates the suitability of alternative competitiveness indicators in explaining real exports for a broad group of advanced economies. To...

This paper benchmarks Canada's bilateral economic ties with China and compares them with those of other G7 member countries, plus Australia. It uses a gravity model of economic flows to compare actual import, export and investment levels to those predicted by the model. This shows that, in the...

This paper develops a gravity model framework to estimate the impact of infectious diseases on bilateral tourism flows among 38,184 pairs of countries over the period 1995-2017. The results confirm that international tourism is adversely affected by disease risk, and the magnitude of this...

Real exports are commonly specified as depending on an indicator of price competitiveness and on a measure of foreign activity. This study empirically investigates the suitability of alternative competitiveness indicators in explaining real exports for a broad group of advanced economies. To...

This paper uses an augmented gravity model framework to investigate the historical impact of infectious diseases on international tourism and develops an out-of-sample prediction model. Using bilateral tourism flows among 38,184 pairs of countries during the period 1995–2017, I compare the...

En este trabajo se estiman los determinantes de las exportaciones manufactureras colombianas a Ecuador, Venezuela, México, Perú y Estados Unidos en el período 1998-2009. Los resultados muestran que el ingreso del país importador, los precios de las exportaciones y los costos salariales son...