We show that it is possible to estimate the cost of protection in terms of the trade loss for the protected country using a widely accepted and theory-based specification of the gravity model in combination with descriptive trade policy indicators. Data and implementation requirements are lower...

We examine linkages between aggregate household income, distribution of that income, and aggregate cross-country expenditure patterns. We are able to decompose income effects into international income dispersion effects (from variations in average income) and national income dispersion (income...

We examine linkages between aggregate household income, distribution of that income, and aggregate cross-country expenditure patterns. We are able to decompose income effects into international income dispersion effects (from variations in average income) and national income dispersion (income...

This paper attempts to reconcile the often inconclusive evidence on the role of FDI in the process of economic development by taking into account the heterogeneity both among industries and among countries. Using a comparable database at the industry level for 35 countries in the OECD, Asia and...

The case of Spain in the first globalization illustrates how the gravity equation, as a tool from which to derive a comprehensive measure of trade costs, can be used to test the soundness of alternative direct measures of specific costs.

This paper studies the role played by different trade barriers (transport costs, customs and currency) in the evolution of Spanish imports during the <italic>First Globalization</italic> (1870-1913). Through the estimation of several gravity equations with panel data analysis, we obtain the elasticities of...

: This paper studies the relationship between international diversification and performance in agri-food firms In line with the recent literature, it analyses the effects of the degree of internationalization using a uniform sample, a long-term focus and a measure that combines export intensity...

: Agricultural and food products have been increasingly exchanged during the last half century. With them, water has been virtually transferred among countries. Thus, this paper studies the evolution of virtual water flows on the long term, analyzing the main factors driving them by means of a...

: The empirical classification of daily activities into luxuries, necessities, or inferior activities is useful for predicting the impact of economic development, the life cycle, or social mobility on the organization of people’s time. This paper conducts an empirical examination of three...

: El objetivo del presente trabajo es analizar si es posible localizar efecto herding entre los inversores durante la reciente crisis financiera en el mercado de valores español. Partiendo de datos de frecuencia intradiaria para el periodo 2008-2009, se calcula la medida de la desviación...