Similar Search Results

General equilibrium trade policy analysis with structural gravity

Larch, Mario; Yotov, Yoto V. - 2016 - Manuscript date: June 2016

We try to achieve this objective in four steps. First, we focus on the original Armington CES gravity model, as a representative framework for a large class of GE models, to offer a deep analysis of the structural relationships underlying the general equilibrium gravity system, and how they can...

Persistent link: https://www.econbiz.de/10011507632

Estimating trade policy effects with structural gravity

Piermartini, Roberta; Yotov, Yoto V. - 2016 - Manuscript date: July 14, 2016

Then, we integrate the latest developments in the empirical gravity literature and we offer six recommendations to obtain reliable partial equilibrium estimates of the effects of bilateral and non-discriminatory trade policies within the same comprehensive, and theoretically-consistent...

Persistent link: https://www.econbiz.de/10011507643

Estimating trade policy effects with structural gravity

Piermartini, Roberta; Yotov, Yoto V. - 2016

The objective of this manuscript is to serve as a practical guide for estimations with the structural gravity model. After a brief review of the theoretical foundations, we summarize the main challenges with gravity estimations and we review the solutions to address those challenges. Then, we...

Persistent link: https://www.econbiz.de/10011509468

General equilibrium trade policy analysis with structural gravity

Larch, Mario; Yotov, Yoto V. - 2016

The objective of this manuscript is to serve as a practical guide for evaluation of the general equilibrium (GE) effects of trade policy using the structural gravity model. We try to achieve this objective in four steps. First, we focus on the original Armington-CES gravity model, as a...

Persistent link: https://www.econbiz.de/10011515400

Gravity at sixty : the workhorse model of trade

Yotov, Yoto - 2022

On the eve of its 60th anniversary, the gravity model of trade is a "celebrity", due to its intuitive appeal, solid theoretical foundations, and remarkable empirical success. Yet, many economists still view gravity simply as an intuitive but naive reduced-form estimating equation and apply it...

Persistent link: https://www.econbiz.de/10012818511

The variation of gravity within countries (or 15 reasons why gravity should be estimated with domestic trade flows)

Yotov, Yoto - 2021

The gravity equation is the workhorse model for analysis of bilateral trade flows. Despite solid theoretical foundations and clear gains from theory-consistent policy analysis, there are still gaps between gravity theory and empirics. This paper focuses on domestic trade flows, and I argue that...

Persistent link: https://www.econbiz.de/10012510016

Testing competing world trade models against the facts of world trade

Minford, Patrick; Xu, Yongdeng; Dong, Xue - 2021

We carry out an indirect inference test of two versions of a computable general equilibrium (CGE) model of world trade …. One of these, the ‘classical’ model,is well-known as the Heckscher-Ohlin-Samuelson model of world trade, in which … countries trade homogeneous products in world markets and produce according to their comparative advantage as determined by …

Persistent link: https://www.econbiz.de/10012602338

Distance, Globalization, and International Trade

Borchert, Ingo - 2017

For a long time globalization could be seen everywhere but in gravity estimates. We offer evidence how globalization affects manufacturing trade over the period 1986-2006 and show that, on average, the effect of distance has fallen whereas the effects of proximity and regional trade agreements...

Persistent link: https://www.econbiz.de/10012963770

WTO trade facilitation measures and the extensive margin of exports in the tripartite : Comesa, EAC, SADC

Roland, Leudjou Njiteu Rostant - 2021

Persistent link: https://www.econbiz.de/10012618824

Short Run Gravity

Anderson, James E. - 2017

Short run gravity is a geometric weighted average of long run gravity and bilateral capacity. The model features (i) joint trade costs endogenous to bilateral volumes, (ii) long run gravity as a limiting case of efficient investment in bilateral capacities, (iii) a structural ratio of short run...

Persistent link: https://www.econbiz.de/10012953690