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Gravity, distance, and international trade
Baier, Scott L.; Kerr, Amanda; Yotov, Yoto V. - 2017
We review and interpret the main theoretical developments in the gravity literature from its very early, a-theoretical applications to the latest structural contributions. We also discuss challenges and implement methods to estimate empirical gravity equations. We finish with a presentation and...
Persistent link: https://www.econbiz.de/10011611143
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Time-varying trade cost (terms) and the distance puzzle
Frensch, Richard; Rindler, Michael - 2023
We present a novel two-stage gravity specification with period-varying bilateral trade cost terms. We test our specification to confirm the benchmark result on declining international distance elasticities over time, using two new data sets. Analyzing period-varying bilateral trade cost derived...
Persistent link: https://www.econbiz.de/10014289335
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International service transactions : is time a trade barrier in a connected world?
Dettmer, Bianka - 2010
The firms' international fragmentation of production has recently widened its focus from outsourcing of intermediates to off-shoring of business services such as software program development and international call centre networks. Although a large number of business services are intangible and...
Persistent link: https://www.econbiz.de/10008779914
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Using lasso-type penalties to model time-varying covariate effects in panel data regressions : a novel approach illustrated by the 'death of distance' in international trade
Hess, Wolfgang; Persson, Maria; Rubenbauer, Stephanie; … - 2013
When analyzing panel data using regression models, it is often reasonable to allow for time-varying covariate effects. We propose a novel approach to modelling timevarying coefficients in panel data regressions, which is based on penalized regression techniques. To illustrate the usefulness of...
Persistent link: https://www.econbiz.de/10009722024
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Distance and border effects in international trade : a comparison of estimation methods
Magerman, Glenn; Studnicka, Zuzanna; Van Hove, Jan - 2016
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
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The impact of distance in seaborne trade : an analysis of bilateral container transport flows
Biermann, Franziska - 2012
A significant part of world trade volume is transported by container ship today. Growing world trade will enforce containerization, since standardized shipment reduces transport costs. The research aim of this paper is to identify the impact of variables used in merchandise trade flow models,...
Persistent link: https://www.econbiz.de/10009680612
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Distance and border effects in international trade : a comparison of estimation
Magerman, Glenn; Studnicka, Zuzanna; Van Hove, Jan - 2015
This paper compares various estimation techniques used to determine the impact of distance and borders on international … estimation method. In addition, also the size of both effects varies substantially across estimation methods. Finally, the … authors generally find that the estimations are in line with the respective weighting schemes of each estimation method. …
Persistent link: https://www.econbiz.de/10011404484
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Gravity Without Apology : The Science of Elasticities, Distance, and Trade
Carrère, Céline - 2020
Gravity as both fact and theory is one of the great success stories of recent research on international trade, and has featured prominently in the policy debate over Brexit. We first review the facts, noting the overwhelming evidence that trade tends to fall with distance. We then introduce some...
Persistent link: https://www.econbiz.de/10012839359
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Gravity, Distance, and International Trade
Baier, Scott L. - 2017
We review and interpret the main theoretical developments in the gravity literature from its very early, a-theoretical applications to the latest structural contributions. We also discuss challenges and implement methods to estimate empirical gravity equations. We finish with a presentation and...
Persistent link: https://www.econbiz.de/10012960473
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Distance(s) and the volatility of international trade(s)
Mehl, Arnaud; Schmitz, Martin; Tille, Cédric - 2019
Does distance matter for the volatility of international real and financial transactions? We show that it does, in addition to its well-established relevance for the level of trade. A simple model of trade with endogenous markups shows that demand shocks have a larger impact on trade between...
Persistent link: https://www.econbiz.de/10011988553