shift-share measure of invoice currency mismatch. This measure outperforms any trade-weighted effective exchange rate index …-oriented firms are sensitive to invoice currency valuations. These results show how trade value sensitivities to currency …

Gravity-based cross-sectional evidence indicates that currency unions stimulate trade; cross-sectional evidence … indicates that trade stimulates output. This paper estimates the effect that currency union has, via trade, on output per capita …. We use economic and geographic data for over 200 countries to quantify the implications of currency unions for trade and …

products exported under processing trade, and for capital goods. We also find that deaths and lockdowns in previous months tend … to increase current imports from China, partially offsetting the contemporaneous trade loss, suggesting that trade is not …

merchandise trade and investment. It does so by estimating gravity models of bilateral trade and investment. It finds that recent … explicitly for whether the trade and investment effects are significantly different after PTA formation than before accounts for … investment responds in beachhead' fashion to the trade provisions of PTAs, the trade carried out from those beachheads could …

the quantity of world trade carried by air to increase over time. Country pairs with relatively short air routes compared …Establishing a robust causal relationship between trade and income has been difficult. Frankel and Romer (1999) use a … geographic instrument to identify a positive effect of trade on income. Rodriguez and Rodrik (2000) show that these results are …

and implementation. We find that RTAs create intra-bloc trade regardless of their type and that more integrated RTAs … generate greater total trade creation …

variable problem by generating time varying geographic instruments. The quantity of world trade carried by air has been …Establishing a robust causal relationship between trade and income has been difficult. Frankel and Romer (1999) use … geographic instruments to identify the causal effects of trade. Rodriguez and Rodrik (2000) show that these results are not …