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Trade costs, trade balances and current accounts : an application of gravity to multilateral trade

Fazio, Giorgio; MacDonald, Ronald; Melitz, Jacques - 2005

In this paper we test the well-known hypothesis of Obstfeld and Rogoff (2000) that trade costs are the key to explaining the so-called Feldstein-Horioka puzzle. Using a gravity framework in an intertemporal context, we provide strong support for the hypothesis and we reconcile our results with...

Persistent link: https://www.econbiz.de/10010261322

Turkey and the Ankara Treaty of 1963: What can Trade Integration Do for Turkish Exports

Nowak-Lehmann D., Felicitas; Herzer, Dierk; … - 2005

export sectors. Emphasis is placed on the role of price competition, EU protection, and transport costs in the export trade … the Common Agricultural Policy (CAP) to Turkish agricultural exports. To this end, the impact of the 1996 Customs Union …

Persistent link: https://www.econbiz.de/10010296392

Trade, Trust and Transaction Cost

den Butter, Frank A.G.; Mosch, Robert H.J. - 2003

bilateral trade, depending on the legal system. Moreover our estimation results suggest that the causal relation runs p …

Persistent link: https://www.econbiz.de/10010324925

Pacific islands' bilateral trade: The role of remoteness and of transport costs

Borgatti, Lisa - 2007

Bilateral trade of geographically distant countries is likely to be negatively affected by the distance separating them from their trading partners and positively affected by their remoteness, defined as the average weighted distance between two countries with weights reflecting the absorptive...

Persistent link: https://www.econbiz.de/10010284791

Institutional Determinants of Bilateral Trade: An Analysis according to Product Type

Linders, Gert-Jan M.; de Groot, Henri L.F.; Rietveld, Piet - 2005

Formal trade barriers and transport costs explain only part of the resistance to international trade. Search costs on the international market and insecurity of property rights and contract enforcement have recently been emphasized as important intangible barriers to trade. This paper proposes...

Persistent link: https://www.econbiz.de/10010325354

Trade between China and the Netherlands: a Case Study of Globalization

den Butter, Frank A.G.; Hayat, Raphie - 2008

During the last decades, the growth of trade between China and the Netherlands has been larger than the increase in bilateral trade flows between China and most other countries. Using a time series based gravity model, this paper investigates the main determinants of this increase. The empirical...

Persistent link: https://www.econbiz.de/10010326028

Cultural and Institutional Determinants of Bilateral Trade Flows

Linders, Gert-Jan M.; Slangen, Arjen; de Groot, Henri L.F. - 2005

This paper studies the intangible costs of international trade by extending the basic gravity equation with measures of cultural and institutional distance, and institutional quality. Analyzing a sample of bilateral trade flows between 92 countries in 1999, we find that institutional distance...

Persistent link: https://www.econbiz.de/10010325599

Exports under the Flicker of the Northern Lights

Kristjánsdóttir, Helga - 2008

important are these trading blocs to the country's exports? How important is the country's location and size, and how do these … affect the export sectors? A unique version of the gravity model is applied here using an inverse hyperbolic sine function …. Typically, the export volume is significantly impacted by the economic size of the exporting country, but in this case it is not …

Persistent link: https://www.econbiz.de/10010295274

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

Coughlin, Cletus C.; Novy, Dennis - 2009

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/10010272315

The effect of technological innovation on international trade: a nonlinear approach

Márquez-Ramos, Laura; Martínez-Zarzoso, Inmaculada - 2009

effect of technological achievement on exports is studied. In order to measure technological innovation, the technological … and Marginalised. The effect of technological variables on sectoral exports is analysed using a gravity model of trade … of technological innovation on export performance and the existence of non-linearities is confirmed. A 'U …

Persistent link: https://www.econbiz.de/10010298605