Showing 1 - 10 of 14
Economic theory suggests including domestic trade flows when estimating structural gravity models. The inclusion of domestic trade flows helps to identify parameters that cannot be estimated with international trade flows alone. The complication is that domestic trade flows can be measured...
Persistent link: https://www.econbiz.de/10013227169
We estimate the impact of MERCOSUR on trade flows and on gains from trade for its member countries using a standard modern general equilibrium quantitative structural gravity model. We find a highly heterogeneous impact on bilateral trade flows and gains from trade. We estimate that gains from...
Persistent link: https://www.econbiz.de/10013234454
Between the 1940s and 1970s, Spain used a variety of economic policies that hindered international trade. Because the mix of tariffs, quotas, administrative barriers, and exchange rate regimes varied greatly over time, the quantification of the effect of the various trade policies on...
Persistent link: https://www.econbiz.de/10013295963
We study how estimators used to impute consumption in survey data are inconsistent due to measurement error in consumption. Previous research suggests instrumenting consumption to overcome this problem. We show that, if additional regressors are present, then instrumenting consumption may still...
Persistent link: https://www.econbiz.de/10013071391
Using an empirical gravity model, I estimate the contribution of changes in relative labor supply to bilateral migration in the 2000s and apply the resulting estimates to project future bilateral flows based on population forecasts by the United Nations. I extend the work of Hanson and McIntosh...
Persistent link: https://www.econbiz.de/10012944491
By how much do employed households reduce their consumption when the aggregate unemployment rate rises? In Spain during the Great Recession a 1 percentage point increase in the unemployment rate was related to a strong drop in household consumption of more than 0.7% per equivalent adult. This...
Persistent link: https://www.econbiz.de/10014037118
Between its Unification and WWI, Italy’s changing export composition echoed its economic transformation. In this paper I decompose Italian export growth in its margins, and then analyse the determinants of Italian exports and product market entry (and exit). To do so, I use two different...
Persistent link: https://www.econbiz.de/10014110628
Concerns about a possible turn of the global trade policy agenda are on the rise. Indeed, even if tariffs are at a historically low levels, non-tariff measures (NTMs) play an important – and growing – role in global trade policy. In this paper, using a recently released database on NTMs...
Persistent link: https://www.econbiz.de/10014111494
This study revisits the trade and welfare effects of 19th century bilateralism exploiting the latest developments in structural gravity models, including the consideration of domestic trade. Using bilateral trade data between 1855 and 1875, I show that the Cobden-Chevalier network, i.e. a system...
Persistent link: https://www.econbiz.de/10013222420
Do trade agreements with labor provisions affect trade differently from those without such provisions? Are their effects heterogeneous with respect to the level of development of the countries involved and the labor intensity of goods traded? In this paper we implement a state-of-the-art...
Persistent link: https://www.econbiz.de/10013241106