The paper tabulates Myanmar's merchandise trade as reported by its partner countries, thereby circumventing the data constraints stemming from Myanmar's patchy trade records. It then estimates Myanmar's export potential, based on the bilateral export patterns observed for six other countries in...

The paper estimates Myanmar's export potential based on bilateral export patterns observed for six countries in Southeast Asia. Against that benchmark and controlling for outliers, Myanmar is found to be trading at about 15 per cent of its potential. The bulk of this gap is explained by low...

We use a newly developed indicator of production sharing and processing trade to investigate the determinants of such trade in the context of a gravity model. The Network Trade Index measures countries' interdependence through the extent of trade in parts and components for further processing...

Vertical gravity deploys as the dependent variable a newly developed indicator of production sharing and processing trade among country pairs. The intensity of this relationship among 73 countries between 1998 and 2005 is assessed in a standard fixed-effects panel setting, with particular focus...

This paper calculates the decline in costs involving merchandise trade between the People's Republic of China (PRC) and India during the period 1980-2008. Drawing from the recent literature, a comprehensive measure of trade costs is derived from a theory-founded gravity model of international...

We use a newly developed indicator of production sharing and processing trade to investigate the determinants of such trade in the context of a gravity model. The Network Trade Index measures countries' interdependence through the extent of trade in parts and components for further processing...

Natural disasters have a statistically observable adverse impact on the macro-economy in the short-run. Not surprisingly, costlier events cause more pronounced slowdowns in production. Yet, interestingly, developing countries, and smaller economies, face much larger output declines following a...

The paper examines the impact of exchange rates on foreign direct investment (FDI) inflows into the United States in the context of a model that allows for the interdependence of FDI over time. Interdependence is modeled as a two-state Markov process where the two states can be interpreted as...