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The Impact of China on the Exports of Other Asian Countries

Eichengreen, Barry; Yi, Yŏng-sŏp; Tong, Hui - 2021

We analyze the impact of China's growth on the exports of other Asian countries. Our innovation is to distinguish the … increase in China's demand for imports from its increased penetration of export markets. Using the gravity model, we … disaggregate among commodity types and account for the endogeneity of Chinese exports. We confirm the tendency for China's exports …

Persistent link: https://www.econbiz.de/10013225046

Gravity and Extended Gravity : Using Moment Inequalities to Estimate a Model of Export Entry

Morales, Eduardo - 2014

Exporting firms often enter foreign markets that are similar to previous export destinations. We develop a dynamic … model in which a firm's exports in a market may depend on how similar the market is to the firm's home country (gravity) and … to its previous export destinations (extended gravity). Given the large number of export paths from which forward …

Persistent link: https://www.econbiz.de/10013058240

Estimating the Effect of Currency Unions on Trade and Output

Frankel, Jeffrey A.; Rose, Andrew - 2021

Gravity-based cross-sectional evidence indicates that currency unions stimulate trade; cross-sectional evidence indicates that trade stimulates output. This paper estimates the effect that currency union has, via trade, on output per capita. We use economic and geographic data for over 200...

Persistent link: https://www.econbiz.de/10013222899

The Trade and Investment Effects of Preferential Trading Arrangements

Dee, Philippa S.; Gali, V. Jyothi - 2021

This study quantifies the impact of traditional and new age' provisions of preferential trading arrangements (PTAs) on merchandise trade and investment. It does so by estimating gravity models of bilateral trade and investment. It finds that recent and some past PTAs are not as benign as some...

Persistent link: https://www.econbiz.de/10013234974

Fixed Exchange Rates and Trade

Klein, Michael W.; Shambaugh, Jay C. - 2021

A classic argument for a fixed exchange rate is its promotion of trade. Empirical support for this, however, is mixed. While one branch of research consistently shows a small negative effect of exchange rate volatility on trade, another, more recent, branch presents evidence of a large positive...

Persistent link: https://www.econbiz.de/10013237597

One Reason Countries Pay Their Debts : Renegotiation and International Trade

Rose, Andrew - 2021

This paper estimates the effect of sovereign debt renegotiation on international trade. Sovereign default may be associated with a subsequent decline in international trade either because creditors want to deter default by debtors, or because trade finance dries up after default. To estimate the...

Persistent link: https://www.econbiz.de/10013240938

Gravity, Scale and Exchange Rates

Anderson, James E. - 2013

We develop a structural gravity model that introduces scale effects in bilateral trade. Scale effects and incomplete passthrough give two channels through which exchange rates have real effects on trade patterns. Estimates from Canadian provincial trade data identify these effects through their...

Persistent link: https://www.econbiz.de/10013086673

One Money, One Market : Estimating the Effect of Common Currencies on Trade

Rose, Andrew - 2021

A gravity model is used to assess the separate effects of exchange rate volatility and currency unions on international trade. The panel data set used includes bilateral observations for five years spanning 1970 through 1990 for 186 countries. In this data set, there are over one hundred...

Persistent link: https://www.econbiz.de/10013231861

Do WTO Members Have More Liberal Trade Policy?

Rose, Andrew - 2022

This paper uses 68 measures of trade policy and trade liberalization to ask if membership in theWorld Trade Organization (WTO) and its predecessor the General Agreement on Tariffs and Trade (GATT) is associated with more liberal trade policy. Almost no measures of trade policy are significantly...

Persistent link: https://www.econbiz.de/10013308333

Trade Costs in the First Wave of Globalization

Jacks, David S.; Meissner, Christopher M.; Novy, Dennis - 2021

What drives globalization today and in the past? We employ a new micro-founded measure of bilateral trade costs based on a standard model of trade in differentiated goods to address this question. These trade costs gauge the difference between observed bilateral trade and frictionless trade....

Persistent link: https://www.econbiz.de/10013224437