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Margins, Gravity, and Causality : Export Diversification and Income Levels Reconsidered

Mau, Karsten - 2015

The paper shows that the relationship between GDP per capita and levels of specialization can be predicted differently depending on whether the intensive or the extensive margin is considered. It shows that at the extensive margin countries continuously diversify their exports and that...

Persistent link: https://www.econbiz.de/10013035961

Exchange Rate Pass-Through, Domestic Competition, and Inflation : Evidence from the 2005/08 Revaluation of the Renminbi

Auer, Raphael - 2015

This paper quantifies the effect of the government-controlled appreciation of the Chinese renminbi (RMB) vis-à-vis the USD from 2005 to 2008 on the prices charged by US producers. As the RMB during that time was pegged to a basket of currencies, the empirical strategy must account for the fact...

Persistent link: https://www.econbiz.de/10013037032

Bayesian gravity model for digitalization on bilateral trade integration in Asia

Jayasooriya, S. P. - 2021

significant estimation that implies barriers in trade. The model predicts trade integration, especially towards the trade … the gravity equation is used for understanding trade potential, and after some integrations, the estimation is applied for …. The Bayesian experiment for the estimation of the impacts of the trade integration in Asia predicts an increase of GDP …

Persistent link: https://www.econbiz.de/10012493905

Estimation of export specialization : Lithuanian case

Bernatonyte, Dalia - 2014

This paper investigates the nature and pattern of export specialization in Lithuania. The aim of this paper is to estimate the nature and pattern of Lithuanian export specialization under existing conditions. Seeking to define the nature and pattern of export specialization, the basic methods of...

Persistent link: https://www.econbiz.de/10012011085

Persistency of Turkish Export Shocks : A Quantile Autoregression (QAR) Approach

Berument, Hakan - 2018

This study analyzes the persistency of total and disaggregated Turkish exports for different shock magnitudes using the quantile autoregression (QAR) method in line with Koenker and Xiao (J Am Stat Assoc 99:775–787, 2004). The results suggest that the persistence of shocks are not similar...

Persistent link: https://www.econbiz.de/10012915243

Testing the General Validity of the Heckscher-Ohlin Theorem : The Natural Experiment of Japan

Bernhofen, Daniel M.; Brown, John C. - 2011

We exploit Japan’s 19th century move from autarky to free trade to provide the first test of the general validity of the price formulation of the Heckscher-Ohlin theorem. In this formulation a country's autarky factor price vector imposes a single refutable prediction on the economy’s factor...

Persistent link: https://www.econbiz.de/10014175299

Factor Price Equalization in the UK?

Bernard, Andrew B.; Redding, Stephen J.; Schott, Peter K.; … - 2002

This paper develops a general test of factor price equalization that is robust to unobserved regional productivity differences, unobserved region-industry factor quality differences and variation in production technology across industries. We test relative factor price equalization across...

Persistent link: https://www.econbiz.de/10014033692

Export production, hedging exchange rate risk : the duopoly case

Broll, Udo (contributor); Wahl, Jack E. (contributor); … - 2008

This paper studies a Cournot duopoly in international trade so that the firms are exposed to exchange rate risk. A hedging opportunity is introduced by a forward market where the foreign currency can be traded on. We investigate two settings: First we assume that hedging and output decisions are...

Persistent link: https://www.econbiz.de/10003796261

Trade agreements

Kowalczyk, Carsten; Riezman, Raymond Glenn - 2009

This paper reviews the most significant recent developments in the theory of trade agreements. The paper offers an …

Persistent link: https://www.econbiz.de/10003850514

Icebergs versus tariffs : a quantitative perspective on the gains from trade

Felbermayr, Gabriel; Jung, Benjamin; Larch, Mario - 2013

Recent quantitative trade models treat import tariffs as pure cost shifters so that their effects are similar to iceberg trade costs. We introduce revenue-generating import tariffs, which act as demand shifters, into the framework of Arkolakis, Costinot and Rodriguez-Clare (2012), and generalize...

Persistent link: https://www.econbiz.de/10009727728