With "home bias," a consumer differentiates between domestic goods and imports and tends to purchase the domestic … variety. A vast number of empirical studies in the international trade literature report the apparent prevalence of a large … degree of home bias (the case of the "missing trade," the "border puzzle"). Many theoretical studies, in turn, assume its …

. According to theory, the optimal invoicing choice for an accession country depends on its composition of exports and imports and … international trade transactions, where accession countries have reduced their use of the U.S. dollar in invoicing such transactions … on the macroeconomic fluctuations faced by its trade partners, with both factors bearing out the role of herding and …

Borders have a sizable negative impact on trade flows. Given the vast number of individual goods potentially traded …, this "border effect" could have two possible explanations: (1) less international than domestic trade in the goods that are … domestically--that is, fewer goods are available as exports than are sold in the home market ("availability"). Most of the previous …

not encounter more expensive imports. Movements in dollar exchange rates also affect the international trade transactions …The pattern of international trade adjustment is affected by the continuing international role of the dollar and ….S. import prices and high exchange rate pass-through to the local prices of countries consuming U.S. exports, the effect of …

pricing (LCP) of imports is more prevalent, and on whether exchange rate pass-through rates are endogenous to a country …'s macroeconomic conditions. We provide cross-country and time series evidence on both of these issues for the imports of twenty …

from U.S. imports has been an important source of gains from trade over the last three decades (1972-2001). Using extremely …Since the seminal work of Krugman, product variety has played a central role in models of trade and growth. In spite of … from variety growth in imports alone are 2.8 percent of GDP. …

Imports of goods that embody foreign technology raise a country's output directly as inputs into production and … quantifies spillovers from high-technology imports from developed countries to domestic imitation and innovation in both … innovation. High-technology imports, as well as quality-adjusted research and the size of the economy, positively affect both …