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India in the Global and Regional Trade: Determinants of Aggregate and Bilateral Trade Flows and Firms' Decision to Export

Srinivasan, T. N.; Archana, Vani - 2009

This paper contributes to two strands of literature on empirical models of trade flows and trade policy. The first and the older strand is that of gravity models of bilateral trade flows going back to Hans Linneman (1966) and Tinbergen (1962) and its recent applications, particularly by Adams et...

Persistent link: https://www.econbiz.de/10011807638

The impact of global labour standards on export performance

Bandyopadhyay, Kuntala - 2016

effects of labour standards on export performance of a country cross-country regression with country fixed effects using a … should expect lowstandards countries to enjoy a better export performance, ceteris paribus. We found that although no … definite relation comes out between labour rights and export, the result could depend on whether it's a poor or rich country. …

Persistent link: https://www.econbiz.de/10011807858

Exchange-rate pass-through to import prices: nonlinearities and exchange rate and inflationary regimes

Kılıç, Rehim - 2010

This paper investigates the relationship between exchange rate pass-through and exchange rate appreciations/depreciations and inflation by estimating nonlinear time series models. Motivated by theoretical and empirical results in the literature, the paper proposes new econometric models that can...

Persistent link: https://www.econbiz.de/10010273645

A Theory of the Currency Denomination of International Trade

Bacchetta, Philippe; van Wincoop, Eric - 2001

Nominal rigidities due to menu costs have become a standard element in closed economy macroeconomic modeling. The "New Open Economy Macroeconomics" literature has investigated the implications of nominal rigidities in an open economy context and found that the currency in which prices are set...

Persistent link: https://www.econbiz.de/10011430031

Why Do Consumer Prices React less than Import Prices to Exchange Rates?

Bacchetta, Philippe; van Wincoop, Eric - 2002

It is well-known that the extent of pass-through of exchange rate changes to consumer prices is much lower than to import prices. One explanation is local distribution costs. Here we consider an alternative, complementary, explanation based on the optimal pricing strategies of firms. We consider...

Persistent link: https://www.econbiz.de/10011430033

Exchange Rate Pass-Through, Domestic Competition, and Inflation: Evidence from the 2005/08 Revaluation of the Renminbi

Auer, Raphael A. - 2014

Import competition from China is pervasive in the sense that for many good categories, the competitive environment that US firms face in these markets is strongly driven by the prices of Chinese imports, and so is their pricing decision. This paper quantifies the effect of the...

Persistent link: https://www.econbiz.de/10011430113

Import Prices, Income and Inequality

Bekkers, Eddy; Francois, Joseph; Manchin, Miriam - 2012

We compare three theoretical explanations for the positive empirical relationship between importer income per capita and traded goods prices. A first explanation is that consumers with higher incomes demand higher quality goods with higher prices. A second explanation is that wealthier people...

Persistent link: https://www.econbiz.de/10010294874

World trade patterns and prices: The role of productivity and quality heterogeneity

Benedetti Fasil, Cristiana; Borota, Teodora - 2010

proxy for quality, recent empirical literature identifies a positive relation between income per capita and both export and … efficiencies result in a price distribution generating different consumption bundles and the observed export and import prices …

Persistent link: https://www.econbiz.de/10010321451

Information Frictions and the Law of One Price: "When the States and the Kingdom became United"

Steinwender, Claudia - 2014

How do information frictions distort international trade? This paper exploits a unique historical experiment to estimate the magnitude of these distortions: the establishment of the transatlantic telegraph connection in 1866. I use a newly collected data set based on historical newspaper records...

Persistent link: https://www.econbiz.de/10013370107

On the Dynamics of Gasoline Market Integration in the United States: Evidence from a Pair-wise Approach

Holmes, Mark J.; Otero, Jesús; Panagiotidis, Theodore - 2012

This paper employs a pair-wise approach to examine regional integration in the US gasoline market. Using gasoline price data at the state level over a period of more than two decades, we find strong support for the view that the law of one price holds in regional markets, as more than 80% of...

Persistent link: https://www.econbiz.de/10010500230