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Using lasso-type penalties to model time-varying covariate effects in panel data regressions : a novel approach illustrated by the 'death of distance' in international trade

Hess, Wolfgang; Persson, Maria; Rubenbauer, Stephanie; … - 2013

; Gravity ; Death of Distance ; Missing Globalization Puzzle …

Persistent link: https://www.econbiz.de/10009722024

Using Lasso-Type Penalties to Model Time-Varying Covariate Effects in Panel Data Regressions – A Novel Approach Illustrated by the 'Death of Distance' In International Trade

Hess, Wolfgang - 2014

When analyzing panel data using regression models, it is often reasonable to allow for time-varying covariate effects. We propose a novel approach to modelling time-varying coefficients in panel data regressions, which is based on penalized regression techniques. To illustrate the usefulness of...

Persistent link: https://www.econbiz.de/10013049015

Disentangling frictions across the world : markups versus trade costs

Heid, Benedikt; Stähler, Frank - 2024

We develop a structural framework that allows us to quantify the evolution of aggregate bilateral trade costs and markups over time. With minimal assumptions, we can disentangle aggregate markup and trade cost changes from observed changes in trade flows. We apply our method to trade data...

Persistent link: https://www.econbiz.de/10015081337

The Importance of Dynamics in Panel Gravity Models of Trade

Bun, Maurice J. G.; Klaassen, Franc - 2002

Existing gravity models of trade based on panel data are often static, that is, they only allow for contemporaneous …. The resulting dynamic panel gravity model leads to sensible short-term and long-term trade dynamics. We also show that the …

Persistent link: https://www.econbiz.de/10014118660

International Trade and Exchange Rate

Kang, Jong - 2016

Tepid trade growth since the 2008/2009 global financial crisis (GFC) has been partly attributed to sluggish demand from developed countries. However, data reveals that developing countries play a bigger role in holding back trade growth, while developed countries show quite robust import growth....

Persistent link: https://www.econbiz.de/10012980850

Aid and trade : a donor's perspective

Nowak-Lehmann D., Felicitas; Martínez-Zarzoso, Inmaculada - 2009

One reason donors provide foreign aid is to support their exports to aid-recipient countries. Time series data for Germany suggests an average return of between US$ 1.04 to US$ 1.50 for each US dollar of aid spent by Germany. Although this is well below previous estimates, the value is robust to...

Persistent link: https://www.econbiz.de/10010254238

German international trade : interpreting export flows according to the gravity model

Paulus, Michal; Michalíková, Eva; Benáček, Vladimír - 2014

The paper applies the gravity model of international trade in its analysis of German exports. The added value of our … research is derived from the innovative shift in focus from the traditional gravity model specifications to the national level …

Persistent link: https://www.econbiz.de/10010358344

Gravity model analysis : robust evidence from the Czech Republic and corruption matching

Paulus, Michal; Michalíková, Eva - 2014

The results generally confirm that Czech trade is oriented towards European countries and determined primarily by key economic factors of domestic and foreign GDP. The institutional variables remain largely insignificant, except corruption due tothe counterintuitive result that a higher...

Persistent link: https://www.econbiz.de/10010429918

Determinants of Austrian international trade : analysis based on the gravity model

Davidová, Lucie; Benáček, Vladimír - 2014

is based on the gravity model of trade in the log-log form, augmented by additional variables in order to control for the … techniques. By taking advantage of the panel data structure, we estimate the gravity equation as two alternative one …

Persistent link: https://www.econbiz.de/10010344201

On estimation of gravity equation : a cluster analysis

Bobková, Božena - 2014

This article questions the slope homogeneity in a gravity equation and proposes a partially heterogeneous framework for … its estimation using panel data. We suggest to employ K-mean clustering to group countries according to the gravity … equation variables. Further, the gravity model is estimated on these created homogeneous groups. We apply this procedure on …

Persistent link: https://www.econbiz.de/10010461219