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Trade elasticity is a crucial parameter in evaluating the welfare impacts of changes in trade frictions. The value of this parameter varies widely across product categories, however, which is especially important for developing countries' evaluation of the welfare gains from trade. We estimate,...
Persistent link: https://www.econbiz.de/10012260974
the trade literature and the international real business cycle literature. The same theory-motivated estimating equation …
Persistent link: https://www.econbiz.de/10013473926
We derive a simple equation for the welfare gains from trade when tariffs are liberalized or iceberg trade costs fall. Covering various one-sector trade models that may or may not feature extensive margins and imperfect competition, we generalize the analysis of Arkolakis, Costinot and...
Persistent link: https://www.econbiz.de/10010344632
The People's Republic of China (PRC) has become an important importer for many countries. This paper investigates how turbulence in the PRC can spill over to trading partners through the trade channel. Exports from several East and Southeast Asian countries to the PRC exceed 10% of their GDPs....
Persistent link: https://www.econbiz.de/10012816221
The last decade of the world trade has been marked by an unprecedented collapse, quick recovery, slowdown, another drop, and recovery. To study cyclical and structural aspects of the recent trend of trade, I use both aggregate and disaggregated trade statistics of a small open economy, South...
Persistent link: https://www.econbiz.de/10012952718
This paper presents a break-down of the export and import performance of selected East Asian countries into changes in price and volume. The results show that in aggregate, the decline in export revenue experienced by these countries in 1998 was largely due to a 9.1 percent fall in prices, and...
Persistent link: https://www.econbiz.de/10014154172
. Theory translates into an intuitive econometric system that identifies the causal impact of trade on income and growth, and …
Persistent link: https://www.econbiz.de/10011298529
This paper explores the relationships between migration and trade using a complex-network approach. We show that: (i) both weighted and binary versions of the networks of international migration and trade are strongly correlated; (ii) such correlations can be mostly explained by country...
Persistent link: https://www.econbiz.de/10010202836
This paper compares various estimation methods often used in the estimation of gravity models of international trade …. The authors first discuss different structural and consistent estimation techniques, their underlying assumptions and … empirical methodologies. They focus on a comparison of the distance and border effects across estimation techniques. For the …
Persistent link: https://www.econbiz.de/10011502657
In this paper, we present for the first time a qualitative and quantitative comparison between trade in services and trade in goods at firm level for the same country. We focus first on static features of trade such as participation rates, firms' characteristics, heterogeneity, concentration and...
Persistent link: https://www.econbiz.de/10011590476