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Trade costs, trade balances and current accounts : an application of gravity to multilateral trade

Fazio, Giorgio; MacDonald, Ronald; Mélitz, Jacques - 2005

Persistent link: https://www.econbiz.de/10003189123

Trade costs

Anderson, James (contributor); Van Wincoop, Eric (contributor) - 2004

Persistent link: https://www.econbiz.de/10002913137

Conflict of law rules and international trade : a transaction costs approach

Schmidtchen, Dieter (contributor); … - 2004 - [Elektronische Ressource]

Persistent link: https://www.econbiz.de/10001982019

Trade costs

Anderson, James E.; Van Wincoop, Eric - In: Journal of economic literature 42 (2004) 3, pp. 691-751

Persistent link: https://www.econbiz.de/10002388890

Trade costs, trade balances and current accounts : an application of gravity to multilateral trade

Fazio, Giorgio (contributor); MacDonald, Ronald (contributor) - 2005

In this paper we test the well-known hypothesis of Obstfeld and Rogoff (2000) that trade costs are the key to explaining the so-called Feldstein-Horioka puzzle. Using a gravity framework in an intertemporal context, we provide strong support for the hypothesis and we reconcile our results with...