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Melitz, Jacques - C.E.P.R. Discussion Papers - 2002

The significance of a common language in foreign trade hinges on translation as well as the ability to communicate directly. In fact, without admitting the facility of translation from one or two selected languages, it is impossible to explain adequately the impact of a common language on...

Persistent link: https://www.econbiz.de/10005123599

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

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, Trade Policy and Trade Flows

Jansen, Marion; Nordås, Hildegunn Kyvik - C.E.P.R. Discussion Papers - 2004

This Paper analyses to which extent domestic institutions affect trade flows. We use two complementary approaches, one focusing on the size of total trade flows and one focusing on bilateral trade patterns (gravity equation). We also control for two other domestic policy variables: trade policy...

Persistent link: https://www.econbiz.de/10005788963

Institutions, Infrastructure and Trade

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

) with a focus on deviations from expected values for given income cohorts to control for multicollinearity. Infrastructure …

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

The Distance Effect and the Regionalization of the Trade of Low-Income Countries

Carrère, Céline; de Melo, Jaime; Wilson, John - C.E.P.R. Discussion Papers - 2009

this puzzle and identify that it only applies to poor countries (the bottom third in per capita income terms in our sample …—i.e. the low-income countries according to the World Bank classification, 2006). We show that this group has intensified trade … several methods on cross-section and panel estimates of the gravity equation, we estimate that low-income countries exhibit a …

Persistent link: https://www.econbiz.de/10008528539

Skill Premium and Trade Puzzles: A Solution Linking Production and Preferences

Caron, Justin; Fally, Thibault; Markusen, James R. - C.E.P.R. Discussion Papers - 2012

investigation into the relationship between a good's factor intensity in production and its income elasticity of demand in … and income elasticity of demand for several types of preferences, with and without accounting for trade costs and … show an important role for per-capita income in understanding trade/GDP ratios, the choice of trading partners, and the …

Persistent link: https://www.econbiz.de/10011084527

Who Benefits from Regional Trade Agreements? The View from the Stock Market

Moser, Christoph; Rose, Andrew K - C.E.P.R. Discussion Papers - 2011

The effects of Regional Trade Agreements (RTAs) are disputed. In this paper, we assess these effects using capital market data and an event-study approach, using a daily data set covering a thousand announcements spanning over eighty economies and a hundred RTAs over twenty recent years. We...

Persistent link: https://www.econbiz.de/10009293663

Neoclassical Growth and Commodity Trade

Cuñat, Alejandro; Maffezzoli, Marco - C.E.P.R. Discussion Papers - 2002

cones. We study the dynamics of income per capita and factor prices. Our results suggest that the Ramsey model under …-sectional differences in the levels and growth rates of income per capita while generating much smaller rental-rate differentials across … dynamic behaviour of countries and cross-sectional differences in income per capita levels and growth rates. …

Persistent link: https://www.econbiz.de/10005504435

Contract Enforcement, Comparative Advantage and Long-Run Growth

Ottaviano, Gianmarco - C.E.P.R. Discussion Papers - 2007

The effects of the quality of institutions on economic development and comparative advantage have been so far investigated separately. This paper proposes a theoretical framework in which trade patterns and growth rates are jointly determined by international differences in contract enforcement...

Persistent link: https://www.econbiz.de/10005498068