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) with its trading partners around the world and to examine the impact of various PTAs in which India or its trading partner … the world relatively few firms participate in world trade, thus suggesting that characteristics of a firm (such as its … size and productivity) are relevant besides country level barriers on trade matter for participation in world trade. This …
Persistent link: https://www.econbiz.de/10011807638
This paper reviews reassesses the methodology and principal findings of the “Rose effect”, i.e. the trade effects of currency union, looking at both EMU and non-EMU currency unions. The consensus estimate suggests that the euro has already boosted intra-euro area trade by five to ten...
Persistent link: https://www.econbiz.de/10011604640
This paper describes a newly collected dataset on export tax rates, which provides comprehensive coverage for 20 countries, 2 time periods and all products at HS6 level. Export tax rates are based on national government documentation, including preferential provisions for partner countries. The...
Persistent link: https://www.econbiz.de/10010316741
distortionary trade effects of export taxes. The results, which are based on theory-consistent estimation of a structural gravity … and importers and that export taxes play a role in the rise of world prices. …
Persistent link: https://www.econbiz.de/10010316779
To serve foreign markets, firms can either export or set up a local subsidiary through horizontal Foreign Direct Investment (FDI). The conventional proximity-concentration theory suggests that FDI substitutes for trade if distance between countries is large, while exports become more important...
Persistent link: https://www.econbiz.de/10010325651
Using a gravity-type explanation of international trade flows at the industry level, it is shown that the pattern of comparative advantage in terms of sectoral export/import ratios in bilateral trade can be explained by relative income and relative per capita income. Total income of a country is...
Persistent link: https://www.econbiz.de/10010260775
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
World trade evolves at two margins. Where a bilateral trading relationship already exists it may increase through time … have not traded with each other in the past (extensive margin). We provide an empirical dissection of post-World-War- II … growth in manufacturing world trade along these two margins. We propose a ?cornersolutions- version? of the gravity model to …
Persistent link: https://www.econbiz.de/10010274453
in recent years. Based on an extensive data set which covers most of world trade over the past 60 years and about 240 …
Persistent link: https://www.econbiz.de/10010294692
and identifies specific channels through which such effects occur. Based on a gravity model we examine a panel data set on …
Persistent link: https://www.econbiz.de/10010301350