Showing 1 - 10 of 7,642
Persistent link: https://www.econbiz.de/10009691611
Persistent link: https://www.econbiz.de/10011996900
To estimate correctly the effect of variable trade costs on firms’ exports, the gravity equation should control for the …
Persistent link: https://www.econbiz.de/10009766156
Persistent link: https://www.econbiz.de/10010436359
Quantifying the welfare effects of trade liberalization is a core issue in international trade. Existing frameworks assume perfect labor markets and therefore ignore the effects of aggregate employment changes for welfare. We develop a quantitative trade framework which explicitly models labor...
Persistent link: https://www.econbiz.de/10010341027
Persistent link: https://www.econbiz.de/10011296162
We review and interpret the main theoretical developments in the gravity literature from its very early, a-theoretical applications to the latest structural contributions. We also discuss challenges and implement methods to estimate empirical gravity equations. We finish with a presentation and...
Persistent link: https://www.econbiz.de/10011611143
A basic assumption of the gravity equation of international trade is that increasing trade costs lower exports. But … intuition and theory imply that a high export volume lowers bilateral trade costs as well, because a fixed cost intensive trade … sector probably bears lower average costs with more trade. In this case, standard gravity estimation might be biased due to …
Persistent link: https://www.econbiz.de/10014198178
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 timevarying coefficients in panel data regressions, which is based on penalized regression techniques. To illustrate the usefulness of...
Persistent link: https://www.econbiz.de/10009722024
This paper compares various estimation methods often used in the estimation of gravity models of international trade …. The authors first discuss different structural and consistent estimation techniques, their underlying assumptions and … empirical methodologies. They focus on a comparison of the distance and border effects across estimation techniques. For the …
Persistent link: https://www.econbiz.de/10011502657