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Gravity Without Apology : The Science of Elasticities, Distance, and Trade

Carrère, Céline - 2020

Gravity as both fact and theory is one of the great success stories of recent research on international trade, and has featured prominently in the policy debate over Brexit. We first review the facts, noting the overwhelming evidence that trade tends to fall with distance. We then introduce some...

Persistent link: https://www.econbiz.de/10012839359

Unlocking new methods to estimate country-specific trade costs and trade elasticities

Freeman, Rebecca; Larch, Mario; Theodorakopoulos, Angelos; … - 2021

to recover trade elasticity estimates without the need for price/tariff data. Bringing this to the sectoral level, we … obtain estimates of the trade elasticity for manufacturing, services, and tradable versus non-tradable sectors. …

Persistent link: https://www.econbiz.de/10012669805

Gravity without apology : the science of elasticities, distance, and trade

Carrère, Céline; Mrázová, Monika; Neary, J. Peter - 2020

Persistent link: https://www.econbiz.de/10012177012

Testing competing world trade models against the facts of world trade

Minford, Patrick; Xu, Yongdeng; Dong, Xue - 2021

We carry out an indirect inference test of two versions of a computable general equilibrium (CGE) model of world trade. One of these, the ‘classical’ model,is well-known as the Heckscher-Ohlin-Samuelson model of world trade, in which countries trade homogeneous products in world markets and...

Persistent link: https://www.econbiz.de/10012602338

The Sectoral Pro-Trade Effects of Ethnic Networks within a Ricardian Model of Trade

Lanati, Mauro - 2014

in the trade share equation has important implications for the estimation of trade cost elasticity parameter across all … manufacturing sectors. By following a two-step approach to estimate trade cost elasticity at sector level where "theta" is … ethnic networks are included among the determinants of trade. This drop of trade cost elasticity approximately corresponds …

Persistent link: https://www.econbiz.de/10014147852

Currency unions, trade, and heterogeneity

Chen, Natalie; Novy, Dennis - 2018

How do trade costs affect international trade? This paper offers a new approach. We rely on a flexible gravity equation that predicts variable trade cost elasticities, both across and within country pairs. We apply this framework to the effect of currency unions on international trade. While we...

Persistent link: https://www.econbiz.de/10011867116

The elasticity of trade : estimates and evidence

Simonovska, Ina; Waugh, Michael E. - In: Journal of international economics 92 (2014) 1, pp. 34-50

Persistent link: https://www.econbiz.de/10010438453

Estimating the gravity equation with the actual number of exporting firms

Minondo, Asier; Requena Silvente, Francisco - In: Estudios de economía 40 (2013) 1, pp. 5-19

To estimate correctly the effect of variable trade costs on firms’ exports, the gravity equation should control for the number of firms that participate in foreign markets. Due to the absence of these data, previous studies control for this omitted variable using econometric strategies that...

Persistent link: https://www.econbiz.de/10009766156

How would a slowdown in the People's Republic of China affect its trading partners?

Thorbecke, Willem; Kato, Atsuyuki - In: Asia and the global economy : AGE 1 (2021) 2, pp. 1-9

The People's Republic of China (PRC) has become an important importer for many countries. This paper investigates how turbulence in the PRC can spill over to trading partners through the trade channel. Exports from several East and Southeast Asian countries to the PRC exceed 10% of their GDPs....

Persistent link: https://www.econbiz.de/10012816221

The WTO Global Trade Costs Index and its determinants

Rubínová, Stela; Sebti, Mehdi - 2021 - Manuscript date: 18 January 2021

This study provides a decomposition of the WTO Global Trade Costs Index into five policy-relevant components: transport and travel costs; information and transaction costs; ICT connectedness; trade policy and regulatorydifferences; and governance quality. The WTO Global Trade CostsIndex is based...

Persistent link: https://www.econbiz.de/10012431235