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On the Measurement of Trade Costs: Direct vs. Indirect Approaches to Quantifying Standards and Technical Regulations

Chen, Natalie; Novy, Dennis - C.E.P.R. Discussion Papers - 2012

used as regressors in a gravity equation of trade. Instead, the indirect approach infers the extent of trade impediments …

Persistent link: https://www.econbiz.de/10011083427

How Remote is the Offshoring Threat?

Head, Keith; Mayer, Thierry; Ries, John - C.E.P.R. Discussion Papers - 2007

remains limited. We investigate this proposition by deriving a gravity-like equation for service trade and estimating it for a …

Persistent link: https://www.econbiz.de/10005666777

Location of Vertically Linked Industries: Agglomeration versus Comparative Advantage

Amiti, Mary - C.E.P.R. Discussion Papers - 2001

downstream firms in one country, even when they differ in factor intensities. Hence, for some ranges of trade costs, industries …-intensive industries may locate in capital abundant countries. This also has implications for whether trade liberalization leads in the …

Persistent link: https://www.econbiz.de/10005661565

There goes gravity: how eBay reduces trade costs

Lendle, Andreas; Olarreaga, Marcelo; Schropp, Simon; … - C.E.P.R. Discussion Papers - 2012

We compare the impact of distance, a standard proxy for trade costs, on eBay and offline international trade flows. We consider the same set of 62 countries and the same basket of goods for both types of transactions. We find the effect of distance to be on average 65 percent smaller on the eBay...

Persistent link: https://www.econbiz.de/10011083366

International Trade without CES: Estimating Translog Gravity

Novy, Dennis - C.E.P.R. Discussion Papers - 2012

This paper derives a micro-founded gravity equation based on a translog demand system that allows for flexible … substitution patterns across goods. In contrast to the standard CES-based gravity equation, translog gravity generates an … trade flows predicted to be zero. I test the translog gravity equation and find empirical evidence that is in many ways …

Persistent link: https://www.econbiz.de/10011083929

Cross-Border Mergers & Acquisitions and the Role of Trade Costs

Görg, Holger; Hijzen, Alexander; Manchin, Miriam - C.E.P.R. Discussion Papers - 2007

Cross-border mergers and acquisitions (M&As) have increased dramatically over the last two decades. This paper analyses the role of trade costs in explaining the increase in the number of cross-border mergers and acquisitions. In particular, we distinguish horizontal and non-horizontal M&As and...

Persistent link: https://www.econbiz.de/10005067607

Trade in the Triad: How Easy is the Access to Large Markets?

Fontagne, Lionel; Mayer, Thierry; Zignago, Soledad - C.E.P.R. Discussion Papers - 2004

EU markets in the 1990s. Results also show which industries have the most asymmetric market access among the different …

Persistent link: https://www.econbiz.de/10005504710

Missing Gains from Trade?

Melitz, Marc J; Redding, Stephen J. - C.E.P.R. Discussion Papers - 2014

class of trade models that satisfy a "gravity equation", the welfare gains from trade can be computed using only the open …

Persistent link: https://www.econbiz.de/10011083222

Getting Ready: Preparation for Exporting

Iacovone, Leonardo; Javorcik, Beata - C.E.P.R. Discussion Papers - 2012

This study examines developments at the plant-product level preceding an expansion into foreign markets. It relies on very detailed Mexican data for 1994-2004, a period of liberalization in US trade policy vis a vis Mexico, mandated by the North American Free Trade Agreement. Our approach is...

Persistent link: https://www.econbiz.de/10011083933

What Lies Beneath the Euro's Effect on Financial Integration? Currency Risk, Legal Harmonization, or Trade?

Kalemli-Ozcan, Sebnem; Papaioannou, Elias; Peydró, … - C.E.P.R. Discussion Papers - 2009

Although recent research shows that the euro has spurred cross-border financial integration, the exact mechanisms remain unknown. We investigate the underlying channels of the euro's effect on financial integration using data on bilateral banking linkages among twenty industrial countries in the...

Persistent link: https://www.econbiz.de/10005036237