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Rising Trade Costs? Agglomeration and Trade with Endogenous Transaction Costs

Duranton, Gilles; Storper, Michael - C.E.P.R. Discussion Papers - 2005

While transport costs have fallen, the empirical evidence also points at rising total trade costs. In a model of industry location with endogenous transaction costs, we show how and under which conditions a decline in transport costs can lead to an increase in the total cost of trade.

Persistent link: https://www.econbiz.de/10005504426

Trade Costs, Trade Balances and Current Accounts: An Application of Gravity to Multilateral Trade

Fazio, Giorgio; MacDonald, Ronald; Melitz, Jacques - C.E.P.R. Discussion Papers - 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...

Persistent link: https://www.econbiz.de/10005497776

Institutions, Infrastructure and Trade

Francois, Joseph; Manchin, Miriam - C.E.P.R. Discussion Papers - 2007

, and institutional quality, are significant determinants not only of export levels, but also of the likelihood exports will … take place at all. Our results support the notion that export performance, and the propensity to take part in the trading …

Persistent link: https://www.econbiz.de/10005789157

Inter-regional and International Trade: Seventy Years After Ohlin

Behrens, Kristian; Gaigné, Carl; Ottaviano, Gianmarco; … - C.E.P.R. Discussion Papers - 2003

We study the impact of falling trade costs and falling national transport costs on the economic geography of countries involved in an integration process. Two regions between which labour is mobile form each country, but there is no international factor mobility. Commodities can be traded both...

Persistent link: https://www.econbiz.de/10005667127

The Tip of the Iceberg: Modeling Trade Costs and Implications for Intra-Industry Reallocation

Irarrazabal, Alfonso; Moxnes, Andreas; Opromolla, Luca David - C.E.P.R. Discussion Papers - 2010

create an additional channel of gains from trade through within-industry reallocation. We fit the model to firm-level export …

Persistent link: https://www.econbiz.de/10008468521

Nonlinear Aspects of Goods-Market Arbitrage and Adjustment: Heckscher's Commodity Points Revisited

Obstfeld, Maurice; Taylor, Alan M. - C.E.P.R. Discussion Papers - 1997

We propose that analysis of purchasing power parity (PPP) and the law of one price (LOOP) should explicitly take into account the possibility of ‘commodity points’ – thresholds delineating a region of no central tendency among relative prices, possibly due to lack of perfect arbitrage in...

Persistent link: https://www.econbiz.de/10005662194

Collateral Damage: Trade Disruption and the Economic Impact of War

Glick, Reuven; Taylor, Alan M. - C.E.P.R. Discussion Papers - 2005

Conventional wisdom in economic history suggests that conflict between countries can be enormously disruptive of economic activity, especially international trade. Yet nothing is known empirically about these effects in large samples. We study the effects of war on bilateral trade for almost all...

Persistent link: https://www.econbiz.de/10005504411

Regionalism in the Nineties: What Effect on Trade?

Soloaga, Isidro; Winters, L. Alan - C.E.P.R. Discussion Papers - 1999

-bloc trade, members' total imports and their total exports. We also innovate by formally testing the significance of changes in … EFTA (and for the same blocs also, we observed exports diversion, which would be consistent with their imposing a welfare …, CACM, LAIA and MERCOSUR), although MERCOSUR's exports decreased in the last part of the sample. …

Persistent link: https://www.econbiz.de/10005504431

Endogeneity of Currency Areas and Trade Blocs: Evidence from the Inter-war Period

Ritschl, Albrecht; Wolf, Nikolaus - C.E.P.R. Discussion Papers - 2003

members was already high. In OLS estimation, this would cause endogeneity bias. The present Paper employs both fixed …

Persistent link: https://www.econbiz.de/10005504501

Patent Validation at the Country Level - The Role of Fees and Translation costs

Harhoff, Dietmar; Hoisl, Karin; Reichl, Bettina; van … - C.E.P.R. Discussion Papers - 2007

One feature of the European patent system that is heavily criticized nowadays is related to its complex fragmentation and the induced cost burden for applicants. Once a patent is granted by the EPO, the assignee must validate (and often translate) it and pay the renewal fees to keep it in force...

Persistent link: https://www.econbiz.de/10005497755