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Gravity redux: Measuring international trade costs with panel data

Novy, Dennis - 2011

Barriers to international trade are known to be large but due to data limitations it is hard to measure them directly for a large number of countries over many years. To address this problem I derive a micro-founded measure of bilateral trade costs that indirectly infers trade frictions from...

Persistent link: https://www.econbiz.de/10010278880

Is the international border effect larger than the domestic border effect? : evidence from U.S. trade

Coughlin, Cletus C.; Novy, Dennis - 2009

Many studies have found that international borders represent large barriers to trade. But how do international borders compare to domestic border barriers? We investigate international and domestic border barriers in a unified framework. We consider a unique data set of exports from individual...

Persistent link: https://www.econbiz.de/10010272315

Estimating Border Effects: The Impact of Spatial Aggregation

Coughlin, Cletus C.; Novy, Dennis - 2016

this paper, we investigate the sensitivity of standard gravity estimation to spatial aggregation. We build a model in which …. Even if no border frictions exist at the micro level, gravity estimation on aggregate data can still produce large border …

Persistent link: https://www.econbiz.de/10011480462

International trade and monopolistic competition without CES: Estimating translog gravity

Novy, Dennis - 2010

This paper derives a micro-founded gravity equation in general equilibrium based on a translog demand system that … allows for endogenous markups and rich substitution patterns across goods. In contrast to standard CES-based gravity … to be zero. I test the translog gravity equation and find strong empirical support in its favor. In an application to the …

Persistent link: https://www.econbiz.de/10010270479

Trade booms, trade busts, and trade costs

Jacks, David S.; Meissner, Christopher M.; Novy, Dennis - 2009

What has driven trade booms and trade busts in the past and present? We derive a micro-founded measure of trade frictions from leading trade theories and use it to gauge the importance of bilateral trade costs in determining international trade flows. We construct a new balanced sample of...

Persistent link: https://www.econbiz.de/10010266049

Currency Unions, Trade, and Heterogeneity

Chen, Natalie; Novy, Dennis - 2018

How do trade costs affect international trade? This paper offers a new approach. We rely on a flexible gravity equation …

Persistent link: https://www.econbiz.de/10011887383

Trade blocs and trade wars during the interwar period

Jacks, David S.; Novy, Dennis - 2019

What precisely were the causes and consequences of the trade wars in the 1930s? Were there perhaps deeper forces at work in reorienting global trade prior to the outbreak of World War II? And what lessons may this particular historical episode provide for the present day? To answer these...

Persistent link: https://www.econbiz.de/10012052771

Market Potential and Global Growth over the Long Twentieth Century

Jacks, David S.; Novy, Dennis - 2018

. Theoretically, we exploit a structural gravity model to derive a closed-form solution for a widely-used measure of market potential …

Persistent link: https://www.econbiz.de/10011931914

Urban-Biased Structural Change

Chen, Natalie; Novy, Dennis; Perroni, Carlo; Wong, … - 2023

Using firm-level data from France, we document that the shift of economic activity from manufacturing to services over the last few decades has been urban-biased: structural change has been more pronounced in areas with higher population density. This bias can be accounted for by the location...

Persistent link: https://www.econbiz.de/10014469530

Exchange Rates and Consumer Prices : Evidence from Brexit

Breinlich, Holger - 2020

This paper studies how the depreciation of sterling following the Brexit referendum affected consumer prices in the United Kingdom. Our identification strategy uses input-output linkages to account for heterogeneity in exposure to import costs across product groups. We show that, after the...

Persistent link: https://www.econbiz.de/10012844422