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One Money, One Market : The Effect of Common Currencies on Trade

Rose, Andrew Kenan - 2000

A gravity model is used to assess the separate effects of exchange rate volatility and currency unions on international trade. The panel data, bilateral observations for five years during 1970-90 covering 186 countries, includes 300+ observations in which both countries use the same currency. I...

Persistent link: https://www.econbiz.de/10014152891

Putting Things in Order : Patterns of Trade Dynamics and Macroeconomics

Rose, Andrew Kenan; Feenstra, Robert C. - 1997

We develop a procedure to rank-order countries and commodities using dis-aggregated American imports data. We find strong evidence that both countries and commodities can be ranked, consistent with the "product cycle" hypothesis. Countries habitually begin to export goods to the United States...

Persistent link: https://www.econbiz.de/10014073795

Panel Data Gravity Models of International Trade

Baltagi, Badi H. - 2014

One of the oldest and largest literatures in empirical economics is concerned with the estimation of demand and supply … structure of the data. This chapter is concerned with a host of issues that arise with the estimation of such models, respecting … their panel econometric generic structure. The issues covered range from the estimation of double-indexed versus higher …

Persistent link: https://www.econbiz.de/10013058498

International trade and the transmission of temperature shocks

Osberghaus, Daniel; Schenker, Oliver - 2022

We examine how the adverse impacts of weather shocks are distributed through the trade network. Exploiting a rich, theoretically derived, fixed effects structure, we find significant negative short-run effects of high temperature on exports. A month with an average temperature above 30 °C...

Persistent link: https://www.econbiz.de/10013359053

Gains from Trade with Variable Trade Elasticities

Brooks, Wyatt; Pujolas, Pau - 2023

We measure gains from trade in multi-sector economies with non-homothetic preferences where changes in trade costs generate reallocation of expenditure across sectors. We show how to measure the trade elasticity and how it relates to welfare. In this environment, the trade elasticity now varies...

Persistent link: https://www.econbiz.de/10014350810

Trade Elasticity : Estimates from Product-Level Data

Cheong, Juyoung - 2020

In a seminal paper, Helpman et al. (2008) demonstrate that accounting for self-selection and firm heterogeneity is crucial for obtaining unbiased estimates in the gravity equation. In this paper, we show how this insight helps solve the trade elasticity puzzle that, hitherto, trade elasticity...

Persistent link: https://www.econbiz.de/10012838599

An empirical assessment of Pakistan’s intra-industry trade potential

Rashid, Mudassar; Sarwar, Javeria; Farooq, Muhammad Abeer - In: Pakistan journal of applied economics : PJAE 32 (2022) 1, pp. 75-94

Intra-industry trade has a paramount value in the theory of international trade due to the reason that it establishes …

Persistent link: https://www.econbiz.de/10013443792

Export competitiveness of textile commodities : a panel data approach

Arora, Tarun - 2015

The Paper assesses the export competitiveness of top fifteen textile products (different for each export destination) at 6 digit level of HS classification exported by India to top seven textile export destinations by using both price and income export elasticities. The export elasticities are...

Persistent link: https://www.econbiz.de/10011374068

Are Armington elasticities different across countries and sectors? : a European study

Olekseyuk, Zoryana; Schürenberg-Frosch, Hannah - 2014

CGE models are widely used for policy evaluation and impact analysis especially with respect to trade reforms, tax reforms, energy sector reform and development policy analysis. However, the results of such models are often argued to be sensitive to the choice of exogenous parameters such as...

Persistent link: https://www.econbiz.de/10010437589

Empirical Analysis of the Demand Elasticity for Tunisian Exports

Khedhiri, Sami - 2008

. Our estimation results of the price and foreign income elasticities of demand for Tunisian exports suggest a positive …

Persistent link: https://www.econbiz.de/10012770573