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consider a unique data set of exports from individual U.S. states to foreign countries and combine it with trade flows within …
Persistent link: https://www.econbiz.de/10013095339
Persistent link: https://www.econbiz.de/10012963770
This paper investigates the sources and size of trade barriers at the industry level. We derive a micro-founded measure of industry-specific bilateral trade integration that has an in-built control for time-varying multilateral resistance. This trade integration measure is consistent with a...
Persistent link: https://www.econbiz.de/10012753160
One of the oldest and largest literatures in empirical economics is concerned with the estimation of demand and supply … structure of the data. This chapter is concerned with a host of issues that arise with the estimation of such models, respecting … their panel econometric generic structure. The issues covered range from the estimation of double-indexed versus higher …
Persistent link: https://www.econbiz.de/10013058498
. By using data on the number of bilaterally traded products we improve on identification and allow estimation of the …
Persistent link: https://www.econbiz.de/10013128040
We review and interpret the main theoretical developments in the gravity literature from its very early, a-theoretical applications to the latest structural contributions. We also discuss challenges and implement methods to estimate empirical gravity equations. We finish with a presentation and...
Persistent link: https://www.econbiz.de/10012960473
We develop a new general equilibrium monopolistic competition model with variable demand elasticity, heterogeneous firms, and multiple asymmetric regions. Wages, productivity, consumption diversity, and markups across firms and markets are all endogenously determined and respond to trade...
Persistent link: https://www.econbiz.de/10013097109
location. Specifically, environmental stringency should decrease exports and increase imports of 'dirty' goods. This paper … its competitiveness and decreased exports towards its European trading partners. Our findings do not provide empirical …
Persistent link: https://www.econbiz.de/10013315867
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 equations, trade is more sensitive to trade costs if the...
Persistent link: https://www.econbiz.de/10013144787
-market price spreads. This is relevant for liquefied natural gas (LNG) exports. LNG transportation capacity is limited in the short … capture part of the price spread. We proceed to develop a method to value LNG exports under conditions of endogenous … value of LNG exports from the US to Japan. Our analysis shows that when transportation costs are correctly treated as …
Persistent link: https://www.econbiz.de/10013026678